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Bitmine Immersion Technologies announced on Monday that it added 32,977 ETH in the previous week. The purchase brings the total crypto and cash holdings of the digital asset treasury company to $14.2 billion. On-chain data revealed that Bitmine Immersion Technologies now holds 4.1435 million ETH in its balance sheet. The company’s ETH portfolio accounts for about 3.43% of the total Ethereum supply of 120.7 million ETH. The firm also holds 192 BTC and $915 million in cash. Bitmine’s Chair seems excited about Ethereum’s prospects in 2026. Just In: Tom Lee\'s BitMine Immersion acquired 32,977 ETH (~$104M) last week. Bitmine has staked around 659.219 ETH, worth around $2.1 billion at $3,196 per ETH. The firm has also reported a surge of 250,592 ETH staked over the past week. The company currently has 3 staking providers ahead of the unveiling of its commercial MAVAN (Made in America Validator Network) in 2026. Thomas Lee, Bitmine’s Chairman, revealed that the MAVAN stakes the firm’s ETH holdings at an annual ETH staking fee of $374 million (using 2.81% CESR). He also revealed that the MAVAN staking infrastructure will be deployed in 2026 and will become the best staking solution. Fundstrat’s Co-Founder and CIO acknowledged that the firm is excited about the prospects for Ethereum this year, pointing to tailwinds such as support from the U.S. government and Wall Street’s acceptance of stablecoins and tokenization. Lee released a special message on Friday calling for Bitmine stockholders to support an amendment to boost authorized shares ahead of the firm’s upcoming annual stockholder meeting on January 15. He said the firm needs the increase in authorized shares for Bitmine to issue shares for capital market activities, and the initiative would accommodate future share splits and enable selective acquisitions. Lee maintained that the firm is mainly focused on creating shareholder value, achievable by accretively acquiring ETH per share, optimizing yield and income on its digital asset balance sheet, and investing its holdings in moonshots. Bitmine currently ranks as the top Ethereum treasury company and plans an in-person Annual Meeting at Wynn Las Vegas to elect directors and approve charter amendments and compensation arrangements.
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