BitMine Immersion (BMNR) Announces ETH Holdings Reach 3.73 Million Tokens, and Total Crypto and Cash Holdings of $12.1 Billion

Core Insights - BitMine now owns over 3.0% of the total ETH token supply, aiming for a target of 5% [1] - The company's total crypto, cash, and "moonshots" holdings amount to $12.1 billion, including 3.73 million ETH tokens and $882 million in unencumbered cash [1][2] - BitMine is accelerating its Ethereum accumulation ahead of the Fusaka upgrade, which is expected to enhance scalability, security, and usability of the network [1][3] Holdings and Financials - As of November 30, 2025, BitMine's crypto holdings include 3,726,499 ETH valued at $3,008 per ETH, 192 BTC, and a $36 million stake in Eightco Holdings [2] - The company has a significant cash reserve of $882 million, contributing to its strong financial position [2] Market Position and Trading Activity - BitMine is the largest ETH treasury globally and ranks as the 2 global treasury behind Strategy Inc. [4] - The company is one of the most actively traded stocks in the US, with an average daily trading volume of $1.7 billion, ranking 39th among US-listed stocks [6] Strategic Initiatives - BitMine is developing a staking solution called The Made in America Validator Network (MAVAN), set to launch in early 2026 [4] - The company is supported by a group of prominent institutional investors, including ARK's Cathie Wood and others, to achieve its ETH acquisition goals [1] Upcoming Events - BitMine will hold its annual shareholders meeting at the Wynn Las Vegas on January 15, 2026 [1][6]