BitMine Immersion Technologies has significantly expanded its Ethereum exposure, revealing that it now controls more than 3.2% of the total ETH supply, moving closer to its long-term goal of accumulating 5% of all Ethereum in circulation.
As of December 14, the company reported holdings of 3,967,210 ETH, after adding more than 102,000 tokens over the past week. At prevailing market prices, BitMine’s Ethereum position alone represents a multibillion-dollar allocation, underscoring the firm’s growing conviction in ETH as a core treasury asset.
With its current holdings, BitMine has already completed roughly two-thirds of its stated acquisition target, positioning itself as one of the largest corporate holders of Ethereum globally.
Crypto, Cash, and Strategic Bets Reach $13.3 Billion
Beyond Ethereum, BitMine disclosed that its total balance sheet including crypto assets, cash reserves, and strategic investments now stands at approximately $13.3 billion.
Alongside its nearly four million ETH tokens, the company holds:
- 193 Bitcoin
- $1.0 billion in cash
- A $38 million equity stake in Eightco Holdings, which BitMine categorizes internally as a “moonshot” investment
Management said the composition of its holdings reflects a deliberate strategy that balances liquidity with long-term exposure to digital assets.
Cash Buffer Supports Accumulation Strategy
BitMine emphasized that maintaining a substantial cash reserve allows the company to remain flexible during periods of market volatility. The firm views liquidity as a strategic advantage, enabling continued crypto accumulation during drawdowns while supporting ongoing operations.
The company added that its approach is designed to combine near-term financial resilience with long-duration positioning in the digital asset market, particularly Ethereum.
As BitMine continues to add to its ETH holdings, investors are closely watching whether the firm can execute its plan to reach ">5% of total Ethereum supply, a move that would further cement its role as a major institutional force in the crypto ecosystem.
