Catenaa, Thursday, January 08, 2026-Ethereum treasury company BitMine Immersion, chaired by Tom Lee, has acquired 32,977 ETH, bringing its total crypto and cash holdings to $14.2 billion.
The latest purchases push BitMine’s ETH treasury to 4,143,502, valued at roughly $13 billion at current prices.
In addition to ETH, BitMine holds 192 BTC ($17.8 million), a $25 million stake in WLD treasury firm Eightco, and $915 million in cash. Its total staked Ethereum stands at 659,219 ETH, a 250,592 ETH increase over the past week.
BitMine’s ETH holdings represent about 3.43% of Ethereum’s circulating supply, making it the largest Ethereum treasury holder, ahead of Joe Lubin’s SharpLink and The Ether Machine.
BitMine ranks as the second-largest public crypto treasury overall, behind Michael Saylor’s Strategy, which holds 673,783 BTC ($63 billion). Institutional investors supporting BitMine include Ark Invest, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital.
The company targets 5% of circulating ETH, equivalent to approximately 6.04 million ETH.
The acquisition follows a 7.8% rebound in ETH over the past week amid a broader crypto rally. BitMine’s stock (BMNR) rose 4.2% Monday to $32.47, after a 14.9% gain on Friday as Lee proposed expanding authorized shares from 500 million to 50 billion.
Lee cited US government crypto support, growing tokenization, AI-driven authentication needs, and rising adoption among younger generations as tailwinds for Ethereum and crypto in 2026.
