Bitmine Immersion Acquires 32,977 ETH, Boosting Holdings to $14.2 Billion
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 05 2026- Asset Accumulation: Bitmine Immersion Technologies acquired 32,977 ETH last week, bringing its total holdings to approximately 4.1435 million ETH valued at $14.2 billion, indicating strong growth potential in the digital asset sector.
- Staking Revenue: The firm has staked around 659.219 ETH worth about $2.1 billion, with an expected annual staking fee of $374 million, showcasing its competitive edge and revenue-generating capabilities in the ETH staking market.
- Market Position: Bitmine ranks as the largest Ethereum treasury company, holding approximately 3.43% of the total Ethereum supply, which underscores its leadership in crypto asset management within the industry.
- Shareholder Meeting Preparations: The company plans to propose an increase in authorized shares at its January 15 shareholder meeting to support future capital market activities and potential acquisitions, reflecting its commitment to shareholder value and strategic planning.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
