BitMine Immersion Technologies (NYSE AMERICAN: BMNR), the world’s largest Ethereum reserve company, announced this evening (29th) that it has purchased another 44,463 Ether (ETH) in the past week, showing that the company continues to advance its established Ethereum asset accumulation strategy even as market volatility intensifies at the end of the year.
BitMine holds over 4.11 million ETH.
According to the announcement, following this acquisition, BitMine's current asset holdings include approximately 4,110,525 ETH, 192 Bitcoins (BTC), a $23 million stake in Eightco Holdings (NASDAQ: ORBS) (internally referred to as the "Moon Project"), and a cash position totaling $1 billion. The total value of its cryptocurrency, cash, and "Moon Project" related assets is approximately $13.2 billion.
BitMine currently holds approximately 3.41% of the circulating Ethereum supply, having achieved two-thirds of its long-term "5% alchemy" goal. The company stated that its increased holdings over the past week have made BitMine the world's largest buyer of "new funds" in ETH.
BitMine enables staking mode
In the same announcement, BitMine Chairman Tom Lee also pointed out that market trading activity typically slows significantly during the final holiday week of the calendar year. Combined with the year-end tax loss selling effect, this often puts short-term pressure on cryptocurrency and related stock prices, with the impact concentrated between December 26th and 30th. He emphasized that BitMine will continue to respond to market volatility with caution during this period.
Tom Lee further stated that BitMine's core objective has always been to create long-term value for shareholders. This includes increasing the amount of ETH held per share in a value-added efficient manner, optimizing the returns and income sources of Ethereum assets, strategically investing in the "Moon Project" at the balance sheet level, and leveraging BitMine's influence in the community and the market to create additional returns.
Regarding its Ethereum staking strategy, BitMine stated that it has partnered with three staking service providers and plans to launch commercially available MAVAN (Made in the USA validator network) in 2026 to provide a highly secure staking infrastructure. As of December 28, 2025, BitMine had staked a total of 408,627 ETH, with a market value of approximately $1.2 billion, representing only a small fraction of its total holdings of over 4.11 million ETH. The current Overall Ethereum Staking Ratio (CESR, managed by Quatrefoil) is 2.81%.
Tom Lee pointed out that when the company conducts large-scale full staking of its ETH holdings under the MAVAN and its partner framework in the future, based on the current CESR level, the annual staking fees are expected to reach $374 million, with an average daily return of over $1 million.
The annual shareholders' meeting will be held in January.
In addition, BitMine announced that its Annual General Meeting will be held on January 15, 2026, at the Wynn Las Vegas, from 12:00 p.m. to 3:00 p.m. Pacific Time. The agenda includes the election of eight directors, approval of amendments to the Articles of Association to increase the number of authorized common shares, adoption of the 2025 Comprehensive Incentive Plan, and consideration, through non-binding consultation, of the Executive Chairman's special performance-based compensation arrangement.
