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Bitmine Immersion Technologies has announced that it currently holds 3.37% of the overall Ethereum token supply, representing a significant achievement in its goal to obtain 5% of all ETH, a target it labels as the “Alchemy of 5%.”
This update was shared on Monday as part of a wider announcement regarding the company’s swiftly growing crypto treasury and capital market presence.
As of December 21, Bitmine reports possessing 4,066,062 ETH valued at around $2,991 per token, in addition to 193 Bitcoin and $1.0 billion in cash. With a $32 million equity investment in Eightco Holdings and other crypto assets categorized as “moonshots,” the company’s total crypto, cash, and opportunistic assets have reached $13.2 billion.
Tom Lee(@fundstrat)’s #Bitmine acquired another 98,852 $ETH($302M) last week and now holds 4,066,062 $ETH($12.42B).https://t.co/Cjw9c1ks8G pic.twitter.com/tCqFHmAlNn
— Lookonchain (@lookonchain) December 22, 2025
The circulating supply of Ethereum is currently approximately 120.7 million tokens, positioning Bitmine as the largest ETH treasury holder globally.
Treasury Expansion, Institutional Support, and Market Liquidity
Bitmine’s accumulation of ETH has significantly accelerated in recent months. The company states that it added 98,852 ETH in just the past week, surpassing the 4 million ETH mark only 5.5 months after launching its strategy.
Fundstrat Chairman Tom Lee noted that the speed of accumulation illustrates Bitmine’s function as a conduit between traditional finance and on-chain infrastructure, especially as tokenization and decentralized finance gain traction among institutional investors.
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The company claims it outpaces its crypto treasury counterparts in both the speed of increasing crypto net asset value (NAV) per share and the trading liquidity of its equity.
BMNR stock is currently the 66th most actively traded stock in the United States, with an average daily trading volume of $1.7 billion over the last five days, ranking just behind Wells Fargo and ahead of Chevron among over 5,700 listed U.S. equities.
Bitmine continues to be supported by a notable group of institutional and strategic investors, including ARK Invest’s Cathie Wood, Founders Fund, Pantera Capital, Galaxy Digital, Digital Currency Group (DCG), Kraken, Bill Miller III, MOZAYYX, and individual investor Thomas “Tom” Lee.
Upcoming Shareholder Meeting
Bitmine is recognized as the leading Ethereum treasury worldwide and the second-largest crypto treasury overall, following Strategy Inc., which holds more than 671,000 Bitcoin.
In addition to its accumulation efforts, Bitmine is progressing with its “Made in America Validator Network” (MAVAN), a secure staking infrastructure platform anticipated to launch in early 2026.
The company will conduct its annual stockholders meeting at the Wynn Las Vegas on January 15, 2026, inviting shareholders to participate in person as it discusses the next phase of its ETH-focused strategy during what it describes as a pivotal regulatory moment for U.S. financial markets.
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