Bitmine Doubles Down on ETH: 4.17M Holds, 3.45% of Ether 😂🚀

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Key Highlights

  • Bitmine added 24,266 ETH last week, lifting total holdings to 4,167,768 ETH, worth about $12.9B. ✨
  • The firm now holds roughly 3.45% of Ethereum’s total supply, inching toward its own “Alchemy of 5%.” 🪄
  • More than 1,256,000 ETH is already staked, with MAVAN-Bitmine’s Made in America Validator Network-slated for launch in Q1 2026. 🛡️

In the quiet arithmetic of a new year, Bitmine tends its Ethereum strategy as if pruning a winter grove. Another 24,266 ETH has joined the dawn, bringing the ledger to 4,167,768 ETH and a value near $12.9 billion, a sum that neither sighs nor sings without a hint of irony. The market watches, amused and resigned, as if the numbers were poets who forgot their rhymes. 💼❄️

According to the official release, the accumulation continues as the company readies for its annual shareholder gathering in Las Vegas on January 15, where management seeks permission to expand authorized shares. The argument, dressed in the language of necessity, is that more shares are needed to keep fueling ETH purchases-like adding fuel to a fire that never tires of burning. 😏💬

Bitmine (@BitMNR) bought 24,266 ETH ($75.37M) last week. They now hold a total of 4,167,768 ETH, worth $12.9B.

– Onchain Lens (@OnchainLens) January 12, 2026

A growing slice of Ethereum’s supply

With these latest acquisitions, Bitmine Immersion Technologies now commands about 3.45% of Ethereum’s circulating supply, a share carved out in roughly six months. In internal speak, the company pursues the “Alchemy of 5%,” a dream whispered like a hymn-one that would place it among the most influential custodians in the network. 🧭

Bitmine reports total crypto, cash, and strategic “moonshot” investments of around $14 billion, including nearly $1.0 billion in cash reserves. The firm says it has kept buying ETH while expanding its cash balance, a nuance executives present as disciplined capital management-as if restraint could be a bright coin. 🪙🎭

Staking ramps ahead of MAVAN launch

More than 1,256,000 ETH is now staked, a figure that climbs sharply week over week. At current network rates, full deployment could yield staking revenue north of $1 million per day, a statistic that reads like a weather report from a market that never freezes. 🔮

The company is staking through several third-party providers while preparing to launch MAVAN, its Made in America Validator Network, in the first quarter of 2026. Executives say the aim is to bring staking in-house, aligning with institutional standards and a semblance of regulatory clarity-as if poetry and policy might share the same desk. 🏛️📝

Share vote takes center stage

Alongside the treasury update, Chairman Tom Lee renews the invitation for shareholders to approve a proposal to increase authorized shares. Lee frames the move not as dilution but as flexibility, a lifeboat for ongoing ETH accumulation should the seas rise and the current authorization wear thin. The stock, never shy of spectacle, remains one of the most traded in the U.S., with institutional backers echoing the chorus: ARK, Founders Fund, Pantera, Galaxy Digital, and DCG. 🎪

With ETH near $3,090 and volumes rising in 2026, Bitmine continues to build exposure through purchases and staking. The strategy reads like a long poem in progress-a careful line that tries to square ambition with caution, memory with tomorrow. 🌁📈

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2026-01-12 20:32