BitMine, the Ethereum-focused crypto investment company chaired by Tom Lee, now holds a massive $14.2 billion in crypto and cash assets. The company has built one of the largest Ethereum treasuries in the world, now owning over 4.1 million ETH — which is roughly 3.43% of all Ethereum currently in circulation.

In its latest weekly update, BitMine revealed it had added 32,977 ETH since December 29. At today’s market price, this purchase is worth around $104 million. The company did not reveal how much it paid per ETH. Alongside its Ethereum stash, BitMine also holds 192 Bitcoin (about $17.8 million), a $25 million investment in WLD treasury firm Eightco, and $915 million in cash reserves.

As of January 4, BitMine has staked 659,219 ETH, which means those tokens are locked up to support Ethereum’s network operations and earn rewards. This is a big jump from the previous week, when it had about 250,000 fewer staked ETH.

BitMine is currently the largest single holder of Ethereum among crypto treasury firms. It holds more ETH than any other company, including SharpLink (863,021 ETH) and The Ether Machine (496,712 ETH), according to data from SER. Overall, BitMine is the second-largest public crypto treasury in the world, trailing only Michael Saylor’s Strategy, which owns 673,783 BTC — valued at around $63 billion — representing over 3% of all Bitcoin that will ever exist.

Backed by big-name investors like Cathie Wood’s Ark Invest, Founders Fund, Pantera Capital, Kraken, Galaxy Digital, and Digital Currency Group (DCG), BitMine has set its sights on an ambitious target: owning 5% of all Ethereum in circulation. That would mean holding around 6 million ETH.

This announcement comes as Ethereum’s price jumped 7.8% over the past week during a broader crypto market rally. Investors are feeling more optimistic as the new year brings favorable economic signals and increased interest in digital assets.

Tom Lee expressed strong confidence in Ethereum’s future. He believes 2026 could be a breakout year due to several key factors: growing support from the U.S. government for crypto regulation, increasing use of stablecoins by Wall Street firms, rising demand for digital proof and authentication in the AI-driven world, and more adoption among younger generations. He also mentioned that a surge in commodity and precious metal prices expected in 2025 could boost crypto prices the following year.

BitMine’s stock (BMNR) rose nearly 15% last Friday and is up another 4.2% on Monday morning, trading at $32.47. Lee has also proposed a major increase in BitMine’s share count — from 500 million authorized shares to 50 billion — which could support future growth and more aggressive crypto acquisitions.

With its expanding Ethereum holdings and strong investor backing, BitMine continues to position itself as a major force in the digital asset space.