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3d ago

BitMine Lifts Ethereum Hoard to 4.14 Million With New Buy, Sets Mid-January Share Vote

A mid-January vote on a massive share authorization would preserve flexibility for fundraising, acquisitions, stock splits.

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Bitmine’s $14B Ethereum empire - Is one company quietly taking over ETH?
Bitmine's staked Ethereum surpasses 659,000 units ahead of MAVAN rollout
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Overview

  • BitMine disclosed a weekly purchase of 32,977 ETH, bringing its holdings to about 4.14 million tokens, roughly 3.43% of ETH supply.
  • The company reported $14.2 billion in combined crypto, cash and strategic assets, including $915 million in cash, 192 BTC and a $25 million Eightco stake.
  • Staked ETH rose to 659,219, and management estimates roughly $374 million in annual staking income at current rates once fully deployed.
  • BitMine is working with three staking providers and plans to launch its Made in America Validator Network in early 2026 to scale validator operations.
  • Shareholders are being asked to raise authorized shares from 500 million to 50 billion, with voting due by Jan. 14 ahead of the Jan. 15 meeting in Las Vegas as BMNR trading and recent gains reflect heightened investor interest.