Bitmine attracted attention in the crypto markets last week by significantly increasing its Ethereum holdings. According to an official press release published by the company on December 29th, Bitmine purchased a total of 44,463 ETH between December 22nd and 28th, 2025.
This purchase is said to be worth approximately $130 million. This brings the company’s total Ethereum holdings to 4,110,525 ETH.
Based on current market prices, Bitmine’s ETH portfolio is worth approximately $12.04 billion. This represents about 3.41% of Ethereum’s total circulating supply. With this move, the company has further strengthened its position as one of the world’s largest institutional Ethereum investors.
The statement indicated that 409,000 of Bitmine’s ETH holdings have been staked, and an annual return of approximately 2.81% is expected from these staking activities.
The company also announced that it has developed a staking solution called MAVAN (Made in America Validator Network) targeting the US-based validator infrastructure, and that this platform is planned to become operational in the first quarter of 2026.
On the other hand, Bitmine announced that its total assets, including crypto assets and cash reserves, have reached $13.2 billion.
The company plans to hold its annual general meeting in Las Vegas on January 15, 2026. Four key agenda items will be voted on at this meeting, including an authorized capital increase and employee incentive plans.
Bitmine’s long-term goal is to become the world’s largest Ethereum treasury by holding 5% of the total Ethereum supply.
*This is not investment advice.
