Bitmine Now Holds 4.17 Million ETH, 3.45% Ethereum’s Total Supply

Core Insights - Bitmine (NYSE: BMNR) has increased its Ethereum holdings to 4.168 million ETH, representing 3.45% of Ether's total supply, with 1.256 million ETH staked for network security and rewards [1][3] - The company aims to increase its treasury holdings and is seeking shareholder approval to raise authorized shares, requiring a 50.1% favorable vote [2][3] - Bitmine's total treasury is valued at $14 billion, including its ETH holdings, 193 BTC, a $23 million stake in Eightco Holdings, and $988 million in cash [3][4] Treasury Holdings - Bitmine is the second-largest global treasury holder, following Michael Saylor's Strategy, which holds 13,627 BTC [4] - The company is currently the 67th most traded stock in the US, with an average daily trading volume of $1.3 billion [4] Staking Strategy - Bitmine has nearly doubled its staked Ether, now holding 1.256 million ETH, which constitutes approximately 30% of its total Ether holdings [5] - The company plans to launch the Made in America Validator Network (MAVAN) in Q1 2026, aimed at enhancing its staking infrastructure [6] - The anticipated daily staking fee revenue from MAVAN is projected to exceed $1 million, based on a composite Ethereum staking rate of 2.81% [6][7] - When fully operational, the annual staking fee from Bitmine's ETH is expected to reach $374 million [7]