Key Highlights
- Bitmine now holds 4.2 million ETH, or 3.52% of the global supply.
- The upcoming MAVAN network will manage $5.7 billion in staked assets. This is expected to generate over $1 million in daily revenue.
- BMNR ranks as the 91st most traded U.S. stock, moving $1.2 billion daily. High-profile institutional firms like ARK and Galaxy Digital back the company.
Bitmine Immersion Technologies Inc. (NYSE: BMNR), an Ethereum treasury firm, announced on Monday that it has reached 4.243 million Ethereum tokens. The accumulation gives Bitmine control over 3.52% of Ethereum’s total circulating supply, which is 120.7 million tokens.
This growth resulted from aggressive market purchases, including over 40,000 ETH bought in the last week, along with investments in new technology companies.
Currently, the company holds combined crypto and cash treasury to $12.8 billion, according to a company disclosure on Monday.
Treasury asset breakdown
Bitmine’s treasury consists of 4,243,338 ETH valued at $2,839 per token and 193 Bitcoin. In addition to its direct token holdings, the firm reported $682 million in cash and $200 million in high-risk investments, with a recent investment in Beast Industries. This financial position makes Bitmine the top Ethereum treasury and the second largest corporate crypto treasury globally, following Strategy, which has more than 700K Bitcoin.
This rapid accumulation comes after a period of high trading activity for the company’s stock. Bitmine is now the 91st most traded stock in the United States, experiencing an average daily volume of $1.2 billion.
Recent Ethereum purchases
Bitmine has maintained a consistent and aggressive accumulation strategy throughout January 2026 to reach its current treasury milestones. Earlier in the month, the company added 32,977 ETH to bring its total to 4.14 million tokens, followed by a purchase of 35,000 ETH just two weeks later.
Institutional support and Davos
The firm benefits from a group of well-known institutional investors, including Cathie Wood from ARK, Founders Fund, and Galaxy Digital. Thomas Lee, Chairman of Bitmine, pointed out that the current market environment shows a change in how Wall Street views digital assets.
After listening to speeches and media reports from Davos, it was clear to him that Wall Street has accepted crypto and blockchain assets and recognizes the blend of traditional and digital assets, as well as the overlap of crypto and AI, Lee stated.
MAVAN staking revenue model
Bitmine is now focusing on generating revenue through its unique staking solution, the Made in America Validator Network, or MAVAN. Currently, the company has 2,009,267 ETH staked, which represents a commitment of $5.7 billion.
Once MAVAN is fully operational in early 2026, Bitmine anticipates producing significant recurring revenue. At full scale, the ETH staking fee could reach $374 million each year (using 2.81% CESR), or more than $1 million each day, according to Lee.
Legislative and Financial integration
The company also highlighted legislative changes, such as the GENIUS Act and the SEC’s Project Crypto, as potential drivers for greater integration of digital assets into the U.S. financial system, similar to the shifts that occurred when the gold standard ended in 1971.
The announcement shows a broader trend of institutional acceptance, as discussed at recent global forums like Davos. Leaders from BlackRock, UBS, and Standard Chartered have recently indicated that tokenization and blockchain integration will be key to the future of banking.
Current market statistics
At the time of writing, Ethereum is trading at $2,913.87, reflecting a gain of 4.18% over 24 hours. The total market capitalization stands at $351.68 billion. The circulating supply currently is 120.69 million ETH, accounting for 100% of the current total supply.
Alchemy of 5% goal
As Bitmine strives to achieve its goal of “Alchemy of 5%,” it continues to prioritize the Ethereum network because of its high utility and dependability. Ethereum is currently the most widely used blockchain by Wall Street and has maintained zero downtime since its inception, Lee noted.
With the upcoming launch of MAVAN and ongoing growth in its treasury, Bitmine is establishing itself as a vital infrastructure player in the changing digital asset economy.
Also Read: Trend Research Adds 9,939 ETH After $30M Loan from Aave
