TLDR
- BitMine purchased 40,302 ETH in the latest weekly acquisition.
- The company now holds a total of 4,243,338 ETH worth approximately $12.3 billion.
- BitMine’s Ethereum holdings account for around 3.52 percent of the current circulating supply.
- Nearly half of BitMine’s ETH, totaling 2,009,267 ETH, is now staked.
- The estimated annual staking reward is $374 million based on a 2.81 percent return rate.
BitMine has added 40,302 ETH to its treasury, bringing total Ethereum holdings to 4,243,338 ETH, worth $12.3 billion, according to the company’s Monday disclosure. The acquisition pushes BitMine closer to its goal of acquiring 5% of the circulating ETH supply, which stands at 120.7 million ETH, or 6.04 million ETH.
BitMine also reported its total crypto and cash assets now amount to $12.8 billion as of January 25, including BTC, WLD-related assets, and cash. The Nasdaq-listed firm did not disclose the average purchase price for the recent ETH buy, but its current value is around $117.1 million.
BitMine Adds to Ethereum Holdings with 40,302 ETH Purchase
BitMine increased its Ethereum position by 40,302 ETH since its last update on January 20, boosting its total ETH holdings to 4,243,338. The newly acquired Ethereum is currently valued at approximately $117.1 million based on market prices. BitMine did not reveal the price per token at the time of purchase.
The Ethereum holdings now represent around 3.52% of the cryptocurrency’s circulating supply. According to market data, Ethereum’s total current supply stands at 120.7 million ETH. BitMine remains focused on acquiring up to 5% of Ethereum’s supply.
Chairman Tom Lee stated that BitMine’s scale would generate large rewards through staking. “When fully staked by MAVAN and partners, the ETH staking fee is $374 million annually,” said Lee. The company expects staking rewards of more than $1 million daily.
BitMine also disclosed an increase in its staked Ethereum, now totaling 2,009,267 ETH. This reflects a weekly rise of 171,264 ETH in staked assets. The company has now staked nearly half of its Ethereum holdings.
The staking operation is managed through MAVAN and its associated partners. Based on the 2.81% CESR rate, annual rewards are estimated at $374 million. BitMine’s staking position remains the highest among all known entities.
Tom Lee highlighted BitMine’s leadership in ETH staking on Monday. “BitMine has staked more ETH than other entities in the world,” he said. The company’s ETH staking strategy continues to support its broader treasury goals.
Alongside Ethereum, BitMine reported holdings of 193 BTC valued at $17 million. It also disclosed a $19 million investment in WLD treasury firm Eightco. In total, its digital and fiat assets reached $12.8 billion.
The company also maintains a $200 million equity stake in Beast Industries. This investment was announced earlier this month as part of its diversification strategy. BitMine’s cash reserves currently stand at $682 million.
In terms of public treasury rankings, BitMine is second only to Strategy. Strategy holds 712,647 BTC valued at $62.5 billion. Its holdings account for 3.4% of Bitcoin’s maximum supply.
Institutional Backing and Market Context
BitMine is backed by institutional investors including Ark Invest’s Cathie Wood, Founders Fund, Bill Miller III, and others. Pantera, Kraken, DCG, and Galaxy Digital are also among its supporters. These entities continue to support BitMine’s strategic accumulation approach.
During last week’s Davos meetings, BitMine’s chairman reflected on institutional sentiment shifts. “Wall Street has embraced crypto and blockchain assets,” said Lee. He cited stronger convergence between digital and traditional asset sectors.
Discussions in Davos also included growing interest in the intersection of crypto and AI. Lee commented that digital assets are now part of mainstream financial discourse. BitMine’s moves align with evolving institutional views.
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