Bitmine Acquires 35,268 ETH to Boost Holdings

TLDR

• Bitmine holds 4.203 million ETH, 3.48% of total supply.
• Recent acquisition included 35,268 ETH last week.
• Bitmine plans to reach 5% of Ethereum’s total supply.

Bitmine Immersion Technologies, chaired by Tom Lee, made a significant acquisition of Ethereum (ETH), boosting its holdings. The firm bought 35,268 ETH last week, increasing its total holdings to 4.203 million ETH, representing 3.48% of Ethereum’s entire supply. As of January 19, 2026, its staked ETH reached 1,838,003. This development marks Bitmine as a leading entity in ETH staking.

The acquisition strategy aims at elevating Bitmine’s influence within the crypto market. The company plans to reach 5% of Ethereum’s total supply through future endeavors, such as its Made in America Validator Network (MAVAN). The launch is set for early 2026.

Institutional Support and Strategic Backing

Several institutional investors back Bitmine’s strategy. Among them are well-known entities like ARK Invest, Founders Fund, and Galaxy Digital. Their support underlines the confidence in Bitmine’s pursuit of a 5% target in the Ethereum market. Tom Lee, famed for his bullish views on digital currencies, leads the company’s acquisition plan.

Tom Lee commented on Bitmine’s acquisition, stating, “In the past week, we acquired 35,268 ETH.” His assertions reflect Bitmine’s ambition to become a leading entity in Ethereum staking by providing best-in-class staking solutions with MAVAN.

“Bitmine has staked more ETH than other entities in the world.” — Tom Lee, Chairman, Bitmine Immersion Technologies

Bitmine PR Newswire & SEC Filing

Economic Impact of Ethereum Stake Expansion

Bitmine funds these strategic buys through equity issuances, approved during its January 15, 2026 meeting, which saw an 81% approval rate on related proposals. The move raised $73 million in cash reserves, partly through increased authorized shares at a premium.

Bitmine’s strategy includes purchasing assets like a $200 million investment in Beast Industries. The estimated annual staking rewards from ETH stand at $374 million, further consolidating its market position.

Current Holdings and Market Position

As of January 19, 2026, Bitmine’s Ethereum holdings place it among the top global stakers. With 1,838,003 ETH staked, valued at about $5.9 billion, Bitmine holds significant sway over the ETH staking market.

Tom Lee anticipates the growth trajectory will continue, aided by favorable market conditions. Recent buys, including 24,266 ETH, indicate progressive accumulation efforts extending back to mid-October.

Shareholder Decisions and Future Plans

At Bitmine’s shareholder meeting on January 15, discussions focused on increasing authorized shares and expanding ETH holdings. This aligns with its strategy to enhance Ethereum influence, supported by MAVAN’s deployment.

Progressive moves such as MAVAN’s impending launch seek to solidify Bitmine’s status, ensuring a robust and secure infrastructure for ETH staking.

• BitMNR Official Updates on Twitter
• Fundstrat Financial Research and Insights
• BMNR International Corporate Information

“We continue to make progress on our staking solution known as The Made in America Validator Network (MAVAN).” — Tom Lee, Chairman, Bitmine Immersion Technologies

Bitmine PR Newswire & SEC Filing