Bitmine recently increased its Ethereum holdings by 35,268 tokens, bringing the total ETH holdings to over 4.2 million, and announced that shareholders approved all 4 proposals in a vote on January 15, 2026.
(Background: BitMine invests an additional $80 million to acquire 24,000 ETH! Tom Lee: Vitalik and Sam Altman will attend the BitMine shareholders’ meeting)
(Additional background: Key points of Bitmine’s annual meeting: current holdings of 4.17 million ETH, exceeding 5% of the total supply this year; the 1011 crash has been repaired…)
The world’s largest Ethereum reserve company, Bitmine Immersion Technologies (NYSE American: BMNR), continues to expand its Ethereum holdings. According to the company’s latest announcement, Bitmine purchased an additional 35,268 ETH in the past week, demonstrating its ongoing long-term strategy of increasing Ethereum as a core asset.
The announcement further states that as of January 19, 2026, Bitmine’s total assets have reached $14.5 billion, including crypto assets, cash, and strategic investments (Moonshots). The crypto assets include 4,203,036 ETH and 193 Bitcoin, with cash holdings amounting to $979 million. Based on current supply, Bitmine’s ETH holdings account for approximately 3.48% of the global circulating supply, maintaining its position as the world’s largest Ethereum treasury company.
Ethereum staking scale leads globally, MAVAN plan accelerates
In addition to holding a large amount of ETH, Bitmine is actively deploying staking strategies to improve asset utilization. As of now, Bitmine has staked 1,838,003 ETH, with a market value of about $5.9 billion at current prices, increasing by 581,920 ETH in just the past week.
The announcement indicates that Bitmine is currently collaborating with three staking service providers and simultaneously advancing its own MAVAN (Made in America Validator Network) plan. The company expects MAVAN to be officially commercialized and launched in 2026, becoming an enterprise-level Ethereum staking infrastructure focused on security and scalability.
Based on the current overall market Ethereum staking reward rate (CESR) of approximately 2.81%, if Bitmine stakes all its ETH, the annualized staking income could reach $374 million, generating a stable daily cash flow of over $1 million.
Shareholders strongly support growth strategy; issuance proposal approved with 81% approval
In terms of corporate governance, Bitmine also received clear backing from shareholders. The company stated that all 4 proposals were approved by shareholders in a vote on January 15, 2026, with high support.
Among them, the second proposal — increasing the authorized share issuance — received 81% of voting shares in favor, accounting for 52.2% of all issued shares supporting the proposal. Chairman Tom Lee said this result shows that shareholders understand and support the company’s capital allocation strategy centered on “value-added ETH accumulation,” and reaffirmed that Bitmine will not issue stock below its crypto asset net asset value (mNAV).
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
