Bitmine Immersion (BMNR) Stock Gains on ETH Holdings Update

Bitmine Immersion Technologies, Inc. (NYSE AMERICAN: BMNR) announced significant cryptocurrency holdings on December 29, 2025, revealing that the company now controls 3.41% of the total Ethereum supply with 4.11 million ETH tokens.

The company’s total crypto and cash holdings have reached $13.2 billion, positioning Bitmine as the world’s largest Ethereum treasury and the second-largest global crypto treasury behind Strategy Inc.

The stock traded at $28.81, up $0.50 (+1.76%) as of 10:16:52 AM EST on December 29, 2025, with the company’s market capitalization standing at approximately $12.36 billion.

Bitmine Reports 4.11M ETH Holdings and $13.2B in Total Assets

As of December 28, 2025, Bitmine’s cryptocurrency portfolio includes 4.11 million ETH valued at approximately $12.1 billion (at $2,948 per ETH), 192 Bitcoin, $23 million in what the company terms “moonshots” including a stake in Eightco Holdings, and $1 billion in cash. The company added 44,463 ETH in the past week alone, continuing its aggressive acquisition strategy toward the “Alchemy of 5%” goal of acquiring 5% of the total ETH supply.

Chairman Thomas Lee of Fundstrat noted that the company remains the largest “fresh money” buyer of ETH globally, despite year-end tax-loss selling pressure affecting crypto and crypto equity prices.

Bitmine currently has 408,627 ETH tokens staked, representing only a portion of its total holdings, and is working with three staking providers as it prepares to launch its Made in America Validator Network (MAVAN) in early 2026.

At full scale with all ETH staked, the company projects annual staking fees of $374 million based on the composite Ethereum staking rate of 2.81%, translating to over $1 million per day in potential revenue. The company reported fiscal year 2025 net income of $328.16 million with fully diluted earnings per share of $13.39.

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Stock Performance and Market Position

BMNR stock has delivered exceptional returns in 2025, with a year-to-date gain of 300.21%, significantly outperforming the S&P 500’s 17.41% return over the same period. The stock has become one of the most actively traded securities in the United States, ranking 47th with an average daily trading volume of $980 million over the past five days, positioned between Salesforce.com and General Electric among 5,704 US-listed stocks.

The company’s 52-week range stands at $3.92 to $161.00, with analyst price targets ranging from $47.00 to $60.00 and an average target of $53.50.

Bitmine will hold its Annual Stockholder Meeting on January 15, 2026, at the Wynn Las Vegas, where shareholders will vote on four key proposals including director elections, a charter amendment to increase authorized shares, approval of the 2025 Omnibus Incentive Plan, and a performance-based compensation arrangement for the executive chairman.

The company is supported by prominent institutional investors including ARK’s Cathie Wood, Founders Fund, Bill Miller III, Pantera, and Galaxy Digital. With a current ratio of 51.5 indicating strong liquidity and more cash than debt on its balance sheet, Bitmine continues to position itself as a leader in cryptocurrency treasury operations.

Disclaimer: The author does not hold or have a position in any securities discussed in the article. All stock prices were quoted at the time of writing.