Bitmine Advances Toward the 5% ETH Goal as Holdings Surpass 4 Million ETH

Bitmine Latest Asset Allocation Overview

According to the latest announcement, Bitmine’s combined crypto assets, cash, and high-risk investments (Moonshots) now total $13.2 billion. Ethereum remains the core of its portfolio, representing the dominant share, and continues to grow steadily through ongoing market activity.

(Source: BitMNR)

As of 3:00 PM ET on December 21, 2025, Bitmine held 4,066,062 ETH. At that time, ETH was priced at approximately $2,991 per coin. The company also held 193 Bitcoin, roughly $100 million in cash, and a strategic investment in Eightco Holdings.

Key Milestones in Ethereum Treasury Status

Bitmine’s current ETH holdings account for about 3.37% of the global circulating supply, based on a total of 120.7 million ETH. This marks roughly two-thirds completion of Bitmine’s “Alchemy of 5%” target. In just five and a half months, the company surpassed the significant milestone of holding over 4 million ETH.

Tom Lee, Chairman of Bitmine and Founder of Fundstrat, noted that this progress is not only a quantitative breakthrough but also highlights the strategic advantages of large-scale ETH holdings. These benefits are especially evident in the context of long-term plans for decentralized finance and asset tokenization.

Global Crypto Treasury Rankings and Market Positioning

Globally, Bitmine is now the largest Ethereum treasury and the second-largest crypto asset holder overall, behind only Strategy Inc. (MSTR). While Strategy Inc. focuses primarily on Bitcoin, Bitmine has made ETH its core asset, pursuing a distinctly different strategy. This unique positioning has made Bitmine a key bridge for traditional capital entering the Ethereum ecosystem.

Institutional Support and Long-Term Strategic Direction

Bitmine’s shareholders and supporters include major players from both the crypto and traditional finance sectors, such as ARK Invest founder Cathie Wood, Founders Fund, Pantera, Galaxy Digital, Kraken, DCG, and individual investor Tom Lee. This strong capital base provides stability for Bitmine’s ongoing ETH accumulation strategy.

The company is also developing the “Made in America Validator Network (MAVAN),” a staking infrastructure solution set for official launch in early 2026. MAVAN aims to deliver a highly secure, institution-grade Ethereum staking platform.

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Summary

Bitmine is building a pivotal role within the Ethereum ecosystem through a clear long-term strategy. By steadily accumulating ETH, enhancing stock liquidity, securing top institutional backing, and advancing staking infrastructure, Bitmine is evolving beyond a traditional crypto asset holding company. It is becoming a vital link between traditional finance and the blockchain world. As Bitmine approaches its “5% ETH target,” the market will continue to monitor its progress closely.