Key Notes
- The acquisition advances BitMine’s goal of controlling 5% of Ethereum’s total supply, currently holding 3.52% of all tokens.
- BitMine holds $12.8 billion in total crypto assets, including staked ETH, generating $374 million in annual staking rewards.
- BMNR stock is trading at $28.63 with daily volume of $1.2 billion despite limited price momentum in early 2026.
BitMine Immersion Technologies (NYSE AMERICAN: BMNR) acquired 40,302 ETH last week, marking its largest Ethereum
ETH
$2,920
24h volatility:
3.8%
Market capitalization:
$352.42 billion
Flight. 24h:
$31.12 billion
purchase in 2026 as the company accelerates to hold 5% of the total supply.
The company now holds 4,243,338 ETH, valued at $12.05 billion, representing 3.52% of Ethereum’s 120.7 million tokens, according to its January 26 announcement, and this is confirmed by Coingecko data.
BitMine remains the world’s largest Ethereum corporate treasury, a position it has held while executing an aggressive accumulation strategy throughout 2025 and early 2026.
The company’s total crypto and cash holdings reached $12.8 billion, including 193 Bitcoins.
BTC
$87,913
24h volatility:
1.8%
Market capitalization:
$1.76 ton
Flight. 24h:
$53.53 billion
$682 million in cash and $219 million in strategic investments, according to its press release.
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BitMine provided its latest fund update for January 26, 2026:$12.8 billion in total crypto + moonshots:
– 4,243,338 ETH at $2,839 (@coinbase)
– 193 Bitcoins (BTC)
– $200 million stake in Beast Industries @MrBeast
– $19 million stake in Eightco Holdings (NASDAQ: $ORBS)…– Bitmine (NYSE-BMNR) $ETH (@BitMNR) January 26, 2026
Positive reactions from Davos and future plans
In the company’s press release, they add nine positive mentions from different world leaders like Donald Trump and BlackRock CEO Larry Fink about digital assets, showing positive sentiment around crypto, such as Ethereum at the World Economic Forum in Davos, prompting Lee to state, “Ethereum remains the most widely used blockchain on Wall Street today and the most trusted with zero downtime since its inception.”
This new acquisition follows BitMine shareholder approval in January to increase authorized shares with 81% support, allowing for continued treasury expansion.
Additionally, the company staked 2,009,267 ETH, worth $5.7 billion, generating approximately $374 million in staking fees per year at the Ethereum composite staking rate of 2.81% (the average yield of major staking providers). The company plans to launch its Made in America Validator Network (MAVAN) staking infrastructure in the first quarter of 2026 to improve yields.
BMNR Stock Posts Moderate Gains Despite High Trading Volume
BMNR stock, listed in the United States on the NYSE, traded at $28.63 on January 26, fluctuating between $27.60 and $28.74 during the session with an average volume of 44 million shares, according to Yahoo! Finance. The stock maintains its position as the 91st most actively traded stock in the United States, with an average daily volume of $1.2 billion over the past five days, despite a lack of bullish momentum in 2026.
BitMine’s purchase once again led the trend of corporate Ethereum accumulation in 2026, with Hong Kong-based Trend Research acquiring 41,500 ETH for approximately $126 million using decentralized borrowing through Aave, rather than traditional stock sales. BitMine’s strategy positions it nearly 70% toward its goal of controlling 5% of Ethereum’s supply, as the Ethereum corporate treasury trend accelerates in early 2026.
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