On Monday, publicly traded blockchain firm and Ethereum treasury giant BitMine Immersion Technologies (NYSE: BMNR) announced that it has added 32,977 ETH, worth approximately $106 million, to its growing digital asset treasury during the final week of 2025.
The latest purchase underscores the Tom Lee-chaired company’s aggressive push to become the world’s largest corporate Ethereum treasury. BitMine said that its combined crypto, cash, and strategic holdings have topped $14 billion as of January 5, 2026.
BitMine Acquires 32,977 ETH For Treasury, Total Ether Holdings Cross $13 Billion
BitMine’s acquisition of 32,977 ETH last week brings its total Ether holdings to 4.143 million coins, valued at roughly $13.2 billion. This represents 3.4% of the circulating ETH supply, with the company now 1.9 million ETH shy of its goal of controlling 5% of Ethereum’s liquid supply. While BitMine did not disclose the average purchase price, it is estimated that at current rates, the haul is worth $106.34 million.
The former Bitcoin mining firm also disclosed other treasury holdings, including 192 BTC ($18.01 million), $915 million in cash, and a $25 million stake in Eightco Holdings Inc., a Pennsylvania-based publicly-listed holding company that serves as a corporate treasury for Worldcoin (WLD) – a blockchain and cryptocurrency project supported by OpenAI CEO Sam Altman. BitMine included these updates in a statement issued ahead of its upcoming annual stockholder meeting on January 15, 2026.
Tom Lee, chairman of the Ethereum treasury firm, noted that it made the purchases despite broader market activity across equities and crypto slowing into the year-end. The ETH maxi also said that BitMine expects the world’s second-largest cryptocurrency by market capitalization to benefit from growing institutional adoption, real-world asset tokenization efforts, and demand for digital authentication in 2026. Lee added that last year’s rally in the commodities and precious metals could support higher crypto prices this year.
said Lee.
“Our analysis shows that BitMine has continued to accumulate ETH at an accelerated pace versus other Ethereum digital asset treasuries. We remain the largest ‘fresh money’ buyer of ETH in the world,”
BitMine Projects $370 Million In Annual Staking Fee Revenue, Focuses on Growing Shareholder Value
BitMine is also involved in the staking business, with 659,219 ETH – valued at $2.12 billion – currently staked on the Ethereum mainnet. This is a sharp increase from the previous week, when it had staked a total of 461,504 ETH ($1.37 billion). The company also plans to launch its own Ethereum validator network, called the Made in America Validator Network (MAVAN), in 2026. It estimates revenue from staking fees to exceed $370 million annually once MAVAN operates at full capacity on the current network rate of 2.8%.
The bitcoin miner-turned-ethereum treasury’s strategy centers on growing its ETH holdings and earning yield through staking. Lee noted in the statement that BitMine’s focus remains on creating stockholder value, referring to the growth of its ETH-backed common stock and capital allocation. The company is asking BMNR holders to approve an increase in authorized shares, from 500 million to 50 billion, with the proposal set to be voted on at the annual shareholders’ meeting on January 15 in Las Vegas.
He said the move would give BitMine enough flexibility to raise capital, pursue acquisitions, and manage future share splits, while continuing to build ETH per BMNR value. The stock is now among the most actively traded on Wall Street, with average daily dollar volume closing on the $1 billion mark in the past week. It is ranked 44th-largest in volume among all U.S.-listed equities.
Other proposals include electing eight directors to the company’s board of directors and implementing special compensation and incentive plans. BitMine remains the largest Ethereum treasury firm and is the second-largest publicly traded crypto treasury overall, only behind Michael Saylor’s Strategy – the Bitcoin treasury firm that holds 673,783 BTC, valued at approximately $50.55 billion at the current rate.
Tom Lee Predicts $250,000 ETH and $5,000 Valuation For BMNR Common Stock
BitMine’s purchase announcement follows an aggressive price forecast for Ethereum and BMNR made by Lee, who predicted on Friday that the world’s second-largest cryptocurrency could eventually hit $250,000 – a roughly 7,800% increase from its current trading price. ETH is up nearly 9% over the last seven days. He also forecasted a $5,000 per share valuation for BMNR, which is based on its peg to the company’s ETH holdings.
According to data from Yahoo Finance, BMNR is up around 4% on Monday, changing hands at $32.49. Meanwhile, Ether (ETH) is trading at $3,224.76 – up 1.95% in 24 hours.
