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BitMine Lifts Ethereum Hoard to 3.97 Million Tokens, Pressing Toward 5% Supply Goal

The company casts ETH as core infrastructure, with MAVAN staking slated for early 2026.

Overview

  • BitMine added 102,259 ETH in the past week, taking its holdings to about 3,967,210 ETH, or roughly 3.2% of circulating supply.
  • Total crypto, cash, and strategic investments stand near $13.2–$13.3 billion, including $1.0 billion in cash and 193 BTC.
  • The firm remains the largest public Ethereum treasury and the second-largest corporate crypto treasury overall behind Strategy Inc.
  • Management is estimated to be carrying roughly $3 billion in unrealized losses on the nearly 4 million ETH position.
  • BMNR shares fell on Monday as ETH slipped, though recent trading has averaged about $1.9 billion in daily dollar volume, and the annual meeting is set for January 15, 2026, in Las Vegas.