The world’s largest Ethereum reserve company, Bitmine, announced that in the past week, it increased its holdings by 40,302 ETH, surpassing a total of 4.24 million ETH, with a combined crypto assets and cash value reaching $12.8 billion, continuing to solidify its market leadership position.
(Previous context: Standard Chartered: Price correction does not weaken Ethereum’s fundamentals! Positioning ETH and Bitmine before the weekend remains cost-effective)
(Additional background: BitMine re-staked 170,000 ETH! Total locked-up nearly 2 million ETH, worth $5.73 billion)
Table of Contents
- Asset Holdings: Crypto + Cash + Strategic Investments Total $12.8 Billion
- Ethereum Staking Progress: 2,009,267 ETH Staked
- Chairman Tom Lee: Wall Street Embraces Crypto and Blockchain
- Account Unrealized Losses of About $4 Billion
The world’s largest Ethereum (ETH) reserve enterprise, Bitmine Immersion Technologies (BMNR), issued a new announcement on January 26, 2026, stating that the company increased its ETH holdings by 40,302 ETH over the past week, further consolidating its position as the world’s largest ETH reserve company.
Asset Holdings: Crypto + Cash + Strategic Investments Total $12.8 Billion
According to the announcement, as of January 25, Bitmine’s total asset holdings include:
- 4,243,338 ETH, approximately $2,839 per ETH
- 193 BTC
- An initial investment of $200 million in Beast Industries
- An investment of $19 million in Eightco Holdings (NASDAQ: ORBS) (listed as “Moonshots”)
- Cash holdings of $682 million
In total, Bitmine’s crypto assets, cash, and strategic investments amount to $12.8 billion, with ETH accounting for 3.52% of the total circulating supply. The announcement also notes that over the past six months, Bitmine has achieved nearly 70% of its “Alchemy of 5%” goal.
Ethereum Staking Progress: 2,009,267 ETH Staked
Regarding ETH staking, Bitmine has staked 2,009,267 ETH. According to the announcement, the staking rate (CESR) is 2.81%, equivalent to an annual yield of about $374 million, or over $1 million daily. The company also plans to launch its own commercial MAVAN (Made in America Validator Network) staking solution in early 2026, providing secure and reliable staking infrastructure and strengthening Bitmine’s position as the largest ETH reserve and staking capacity globally.
Chairman Tom Lee: Wall Street Embraces Crypto and Blockchain
In the announcement, Bitmine Chairman Tom Lee stated that during the Davos World Economic Forum, he observed a significant shift in attitudes among global policymakers and financial leaders toward digital assets. Wall Street has fully embraced cryptocurrencies and blockchain assets, viewing them as core components for integration with traditional assets.
He believes Ethereum remains the most widely used and reliable blockchain platform on Wall Street, and pointed out that the rising ETH to BTC price ratio reflects investor recognition of Ethereum’s tokenized applications.
Lee also emphasized that Bitmine’s long-term strategy is to continue increasing ETH holdings and to establish industry-leading staking solutions through MAVAN, aiming to achieve the company’s long-term goal of holding 5% of the world’s ETH.
Account Unrealized Losses of About $4 Billion
However, it is worth noting that, according to on-chain data analyst @EmberCN’s latest monitoring, although Bitmine continues to add to its Ethereum holdings, the average cost basis per ETH is approximately $3,849, well below the current market price of Ethereum. Therefore, Bitmine is currently experiencing unrealized losses of about $4 billion.
In contrast, the world’s largest Bitcoin reserve company, MicroStrategy, despite recent weak Bitcoin price performance, still holds an average acquisition cost below the current market price, resulting in an unrealized gain of nearly $8.4 billion.
The largest Bitcoin and Ethereum treasury companies’ purchase activity last week:
◎ Bitcoin treasury company @Strategy (MSTR) bought 2,932 BTC at about $90,061 last week ($264 million).
They now hold a total of 712,647 BTC ($62.582 billion), with an average cost basis of $76,037, and an unrealized gain of $8.395 billion.
◎ Ethereum treasury company @BitMNR (BMNR) bought at about $3,008 last week… pic.twitter.com/FefmtmPMtF
— Ember (@EmberCN) January 26, 2026
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