Bitmine Immersion Technologies (BMNR) has quietly built one of the largest corporate ETH treasuries in the world, disclosing combined crypto, cash and higher‑risk “moonshot” investments of $13.2 billion — anchored by an ether hoard that now tops 4.1 million tokens. In a Monday release, Bitmine said that as of Dec. 28 it held 4,110,525 ETH, along with 192 BTC, a $23 million stake in Eightco Holdings and $1 billion in cash. That ether position — worth billions at current prices — represents roughly 3.41% of Ethereum’s circulating supply (about 120.7 million ETH), putting Bitmine about two‑thirds of the way toward its self‑described “alchemy of 5%” target. The company says this makes it the world’s largest publicly owned ether treasury and the second‑largest corporate crypto treasury overall, behind MicroStrategy (MSTR), which is bitcoin‑focused. “We continue to be the largest ‘fresh money’ buyer of ETH in the world,” said chairman Thomas Lee. He added that year‑end, tax‑loss selling (most acute between Dec. 26–30) has pressured crypto and crypto‑equity prices, and the company is managing its buying strategy with that calendar effect in mind. Bitmine has already staked 408,627 ETH — roughly $1.2 billion at current valuations — and is working with three staking providers as it builds toward launching the Made in America Validator Network (MAVAN) in early 2026. Using a composite Ethereum staking rate of 2.81%, the firm estimates that fully staking its ETH holdings could generate about $374 million in annual staking revenue. The company also published a special chairman’s message ahead of its annual shareholder meeting scheduled for Jan. 15, 2026, at the Wynn Las Vegas, urging investors to back four proposals tied to its long‑term strategy. Market snapshot: ether was little changed over the past 24 hours, trading around $2,950 at the time of the release. Read more AI-generated news on: undefined/news

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