Bitmine now owns 3.37% of the ETH token supply, two-thirds of the way to the 'Alchemy of 5%' Bitmine Crypto + Total Cash Holdings + "Moonshots" total $13.2 billion, including 4.066 million ETH tokens, total cash of $1.0 billion, and other crypto holdings Bitmine will hold its annual stockholders meeting at the Wynn Las Vegas on January 15, 2026 Bitmine leads crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of BMNR stock Bitmine is the 66th most tra ...

Core Insights - BitMine Immersion Technologies (BMNR) has added 102,259 ETH valued at approximately $320 million in the last week, bringing its total ETH holdings to 3,967,210 ETH, valued at over $12.4 billion [1][2] - The firm also holds 193 BTC worth around $17 million and has $1 billion in cash [1] - BitMine's Chairman, Tom Lee, expressed confidence that Ethereum has bottomed for the year, indicating a belief in a recovery of crypto prices following the price shock on October 10th [4] Group 1: Company Holdings and Strategy - BitMine continues to accumulate ETH, reinforcing its position as the leading ETH treasury firm amid fluctuating ETH prices [3] - The firm aims for an 'alchemy of 5%' target in its ETH accumulation strategy [3] - In a previous purchase, BitMine acquired approximately $429 million of ETH, marking its largest acquisition since October [4] Group 2: Future Prospects and Revenue Generation - BitMine is developing a bespoke staking solution called The Made in America Validator Network (MAVAN), which is expected to generate up to $400 million in annual staking revenue from its holdings [5] - Positive developments in digital assets, including favorable legislation and Wall Street support, are seen as indicators of a bright future for crypto [3] Group 3: Market Performance - Shares of BMNR have decreased nearly 7% since the opening bell on Monday, trading at $32.48, and have dropped nearly 80% since reaching a yearly peak of $161 on June 30 [6] - ETH has experienced a decline of over 2% in the last 24 hours, trading at approximately $3,010 [6]

Core Insights - BitMine now owns over 3.2% of the ETH token supply, aiming for a target of 5% [1][3] - The company's total holdings, including crypto and cash, amount to $13.3 billion, with 3.97 million ETH tokens and $1.0 billion in cash [1][2] - BitMine is recognized as the largest ETH treasury globally and the second-largest treasury overall, following Strategy Inc. [3] Financial Performance - BitMine's average daily trading volume is $1.9 billion, making it the 41st most traded stock in the US [1][6] - The company has added 102,259 ETH to its holdings in the past week, indicating a steady accumulation strategy [3] Institutional Support - BitMine is backed by prominent institutional investors, including ARK's Cathie Wood and others, which supports its goal of acquiring 5% of ETH [1][3] Future Developments - The company is progressing on its staking solution, The Made in America Validator Network (MAVAN), set to launch in early 2026 [4] - BitMine will hold its annual shareholders meeting at the Wynn Las Vegas on January 15, 2026 [1][6] Industry Context - The company views recent legislative developments in the US as pivotal for the future of digital assets, comparing their significance to the end of the Bretton Woods system in 1971 [5]