Bitmine Immersion Technologies, a major player in the crypto world, has announced that its total assets—including cryptocurrencies and cash—have reached an impressive $13.2 billion. Most notably, the company now owns 3.41% of all Ethereum (ETH) in circulation, positioning itself as one of the largest ETH holders globally.

As of December 28, Bitmine holds 4.11 million ETH, valued at around $12.1 billion based on Ethereum’s market price of $2,948 per token. Alongside Ethereum, the company also holds 192 Bitcoin, $1 billion in cash, and $23 million in high-risk investments it refers to as “moonshots.” Data from InvestingPro shows that Bitmine maintains a strong financial position with more cash than debt, and a very high liquidity ratio of 51.5, which indicates that the company can easily cover its short-term obligations.

Bitmine has been actively increasing its Ethereum holdings. Just last week, it added another 44,463 ETH as part of its long-term goal called the “Alchemy of 5%,” aiming to eventually own 5% of all existing Ethereum.

In addition to simply holding ETH, Bitmine has also staked 408,627 ETH. Staking allows holders to earn rewards by helping validate transactions on the Ethereum network. The company is working with three different staking providers as it prepares to launch its own staking network called MAVAN (Made in America Validator Network), which is expected to go live in early 2026.

Chairman Thomas Lee commented that end-of-year tax-related selling is putting pressure on crypto prices, but the company remains focused on its long-term strategy.

Bitmine will hold its Annual Stockholder Meeting on January 15, 2026, at the Wynn Las Vegas. Shareholders will vote on several key matters: electing new directors, approving a plan to increase the number of authorized shares, adopting a new incentive plan for 2025, and approving a performance-based compensation package for the executive chairman.

According to the latest data, Bitmine is currently the 47th most traded stock in the U.S., with an average daily trading volume of $980 million over the past five days.

For fiscal year 2025, Bitmine reported a net income of $328.16 million and earnings per share of $13.39 (fully diluted). The company is moving forward with plans to roll out MAVAN in Q1 of 2026 as part of its broader Ethereum strategy.

Bitmine’s total holdings now include 4.066 million ETH (or 3.37% of all ETH), 193 Bitcoin, a stake in Eightco Holdings, and $1 billion in cash. This reflects the company’s consistent effort to expand its footprint in the crypto market and reach its goal of owning 5% of the total Ethereum supply.