Bitmine surpassed the 4 million Ethereum threshold.

Bitmine Immersion Technologies has achieved significant success with its ownership of 4.066 million Ethereum (ETH), reaching a total valuation of 13.2 billion dollars. The company stands out among publicly traded cryptocurrency-focused firms with its extensive digital asset holdings amid intense competition.

According to the data released as of December 21, 2023, Bitmine's total of 4,066,062 ETH corresponds to approximately 3.37 percent of the circulating Ethereum supply. Additionally, the company holds 193 Bitcoin (BTC), 1 billion dollars in cash, and has approximately 32 million dollars worth of additional assets consisting of shares in Eightco Holdings, categorized as "moonshots."

Bitmine's Chairman of the Board, Tom Lee, stated that they crossed the significant threshold of 4 million ETH after purchasing 98,852 ETH just within the last week. He emphasized that the company's ultimate goal is to hold 5 percent of the Ethereum supply. In line with this goal, Bitmine is managing the largest Ethereum treasury in the world and has secured the second position among all crypto treasuries, following Strategy Inc..

Strategy’s approximately 671,268 Bitcoin represents the largest crypto treasury compared to Bitmine. The company also attracts attention in the stock market; the BMNR stock ranks as the 66th most traded stock in the U.S. with a daily average trading volume of 1.7 billion dollars. Bitmine's investors include notable names such as Cathie Wood, Founders Fund, Pantera, Galaxy Digital, and DCG, which support the company.

Bitmine will hold its annual general meeting on January 15, 2026, at Wynn Las Vegas. Investors should continue to closely monitor Bitmine's future moves and goals.