BitMine Adds 40,302 ETH, Total Holdings Reach 4.24 Million Tokens

Highlights:

• BitMine expands Ethereum holdings to 4.24 million ETH, valued at nearly $12.3 billion.
• Staked Ethereum surpasses 2 million ETH, with annual rewards projected at $164 million.
• Institutional investors back BitMine’s plan to reach 5% of ETH’s circulating supply.

BitMine Immersion Technologies moved closer to its Ethereum treasury goal. Since Jan. 20, the company added 40,302 ETH. Total holdings now stand at 4,243,338 ETH, valued near $12.3 billion at current market prices.

The latest purchase was worth about $117.1 million. It pushed combined crypto and cash reserves to $12.8 billion as of Monday. In addition to Ether, holdings include 193 Bitcoin valued at $17 million, $682 million in cash, and a $200 million stake in Beast Industries. Ethereum reserves now equal 3.52% of the circulating supply, estimated at 120.7 million ETH. The company plans to reach 5% of the total supply, or around 6.04 million ETH. The goal has support from investors such as Ark Invest and Founders Fund.

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BitMine provided its latest holdings update for January 26th, 2026:

$12.8 billion in total crypto + "moonshots":
– 4,243,338 ETH at $2,839 (@coinbase)
– 193 Bitcoin (BTC)
– $200 mllion stake in Beast Industries @MrBeast
– $19 million stake in Eightco Holdings (NASDAQ: $ORBS)…

— Bitmine (NYSE-BMNR) $ETH (@BitMNR) January 26, 2026

BitMine Boosts Staked Ethereum to Drive Steady Returns

The company’s staked Ethereum balance has reached 2,009,267 ETH. This marks an increase of 171,264 ETH in one week. Nearly half of the treasury is already locked in staking, which shows a strong focus on earning steady returns.

Chairman Tom Lee explained the earning potential, saying, “BitMine has staked more ETH than other entities in the world. At scale (when BitMine’s ETH is fully staked by MAVAN and its staking partners), the ETH staking fee is $374 million annually (using 2.81% CESR), or greater than $1 million per day.” The Composite Ethereum Staking Rate stands at 2.81% and supports these estimates. At current prices, staked Ether could bring in around $164 million each year. Staking has become a key part of the company’s growth plan.

BitMine currently holds the top spot for Ethereum treasuries. Trailing behind are Joe Lubin’s SharpLink with around 863,021 ETH and The Ether Machine with roughly 496,712 ETH, according to SER data.

BitMine’s next stage will rely on execution, not just gathering assets. Staking results, partner deals, and steady Ethereum rewards will affect cash flow. Owning over 4 million ETH also connects BitMine to network updates, staking rules, and market trends.

Institutions Shift Toward Ethereum and Long-Term Crypto Strategies

Other companies are also changing direction. In June, Bit Digital shared plans to stop Bitcoin mining and grow Ether reserves. Current holdings show 153,546 ETH and only six Bitcoin, showing a clear shift toward Ethereum. BitMine also holds a strong position beyond Ethereum. It ranks as the second-largest public crypto treasury overall, behind Michael Saylor’s Strategy. Strategy controls 712,647 Bitcoin worth $62.5 billion after a $264 million purchase, equal to about 3.4% of the total Bitcoin supply.

Lee has observed that institutional views on digital assets are changing, especially after the Davos forum, where crypto and AI were widely discussed. He noticed that Wall Street now treats crypto and blockchain as part of mainstream finance, connecting them with traditional assets and AI. Because of this, firms like BitMine are increasing their investments. As a result, digital assets are increasingly seen as a long-term strategy instead of a quick gamble.