Bitmine Immersion Technologies (BMNR) said its combined crypto, cash and higher-risk “moonshot” investments have reached $13.2 billion, driven by an ether ETH$2,954.52 position that now totals more than 4.1 million tokens.

The firm in a Monday press release said the holdings make it the world’s largest publicly owned ether treasury and place it second globally among corporate crypto treasuries, behind bitcoin-only Strategy (MSTR).

As of Dec. 28, Bitmine said it held 4,110,525 ETH, along with 192 bitcoin, a $23 million stake in Eightco Holdings and $1 billion in cash.

The ether position represents about 3.41% of the network’s circulating supply of roughly 120.7 million ETH, putting the company about two-thirds of the way toward what it calls its “alchemy of 5%” target.

"We continue to be the largest 'fresh money' buyer of ETH in the world," said Thomas Lee, chairman of Bitminee.

"Year-end tax-loss related selling is pushing down crypto and crypto equity prices and this effect tends to be the greatest from 12/26 to 12/30, so we are navigating markets with this in mind," he added.

Bitmine said it has currently staked 408,627 ETH, worth about $1.2 billion, and is working with three staking providers as it prepares to launch its Made in America Validator Network, or MAVAN, in early 2026.

Using the current composite Ethereum staking rate of 2.81%, Lee estimated that fully staking the company’s ether holdings could generate roughly $374 million in annual staking revenue.

The company also released a special chairman’s message ahead of its annual shareholder meeting on Jan. 15, 2026, at the Wynn Las Vegas, urging investors to vote in favor of four proposals tied to its long-term strategy.

Ether was trading little-changed over the past 24 hours around $2,950 at publication time.

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