Bitmine Builds $14.2 Billion Crypto Treasury, Deepens Ethereum Position

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Source: DefiPlanet Original Title: Bitmine Immersion Builds $14.2 Billion Crypto Treasury, Deepens Ethereum Bets Original Link:

Overview

Bitmine now holds $14.2 billion in crypto, cash, and assets, including 3.31 million ETH worth $13.8 billion. The firm added $131 million of ETH recently, targeting 5% of the supply with $374 million annual staking rewards projected. Chairman Tom Lee cites protocol upgrades, rate cuts, and tokenized funds as drivers for the Ethereum supercycle in 2026.

Treasury Details

Bitmine disclosed a $14.2 billion treasury, positioning it as Ethereum’s top corporate holder with 3,313,069 ETH tokens valued at $13.8 billion. The update follows aggressive December buys totalling $1.4 billion in ETH, including a fresh $131 million purchase that lifted its stake to 3.4% of circulating supply.

Backed by investors like Founders Fund and ARK Invest, Bitmine aims for 5% ownership while starting staking operations, with on-chain data showing 74,880 ETH already locked for $219 million in rewards potential yearly. This buildup occurs as Ethereum trades near $2,970, down 40% from its $4,950 August peak due to year-end tax-loss selling.

Bitmine’s holdings also include 193 Bitcoin (BTC), $1 billion in cash, and $36 million stake in Eightco Holdings, outpacing most corporate crypto treasuries.

Ethereum Supercycle Forecast

Bitmine Chairman Tom Lee attributes the firm’s bets to Ethereum’s 2026 upside from protocol upgrades, Federal Reserve rate cuts, and ending quantitative tightening. He highlights $20 billion inflows into ETH treasuries and ETFs, plus tokenized money market funds, as demand catalysts.

Critics note Bitmine stock fell over 50% on leverage concerns, yet staking yields over $1 million daily could offset risks. Recent moves mirror institutional shifts toward blockchain settlement layers.

Bitmine’s massive ETH bet aligns with Ethereum’s growing dominance as the premier settlement layer. Record stablecoin transfers reaching $8 trillion in Q4 2025, and leadership in Real-World Asset tokenization reinforce the firm’s bullish 2026 supercycle forecast.

ETH0,95%
BTC0,29%
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