Tom Lee-chaired firm lifts total crypto and cash reserves above $14 billion
Ethereum treasury company BitMine Immersion has significantly expanded its digital asset holdings, adding nearly 33,000 ETH in its latest acquisition. The move cements BitMine’s position as the largest corporate holder of Ethereum as it enters 2026 amid renewed market momentum.
Latest Ethereum Acquisition and Holdings
BitMine added 32,977 ETH since its last update, bringing total Ethereum holdings to 4,143,502 ETH, valued at roughly $13 billion at current prices. While the firm did not disclose its average purchase price, the newly acquired ETH alone is worth about $104 million.
Overall, BitMine’s combined crypto and cash holdings now stand at $14.2 billion. This includes 192 BTC worth $17.8 million, a $25 million strategic stake in an AI-focused crypto treasury firm, and $915 million in cash reserves.
BitMine’s Ethereum holdings represent approximately 3.43% of Ethereum’s circulating supply. Of this total, 659,219 ETH is currently staked, reflecting a sharp increase over the past week and underscoring the firm’s yield-focused treasury approach.
The expansion follows a 7.8% weekly rebound in ETH prices and aligns with BitMine’s longer-term goal of acquiring 5% of Ethereum’s circulating supply. Backed by major institutional investors, BitMine continues to position Ethereum as a core strategic asset amid growing adoption of tokenization, stablecoins, and blockchain infrastructure.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.