BitMine’s total stake in ETH Holdings is over 1 million
Crypto treasury company BitMine Immersion Technologies (BMNR) added an additional 86,400 Ether (ETH) on Saturday, crossing the 1 million ETH milestone, worth an estimated $268.7 million at the time of writing.
The 86,400 ETH was involved in four separate transactions, according to data from crypto market analysis platform Arkham Intelligence; This brings BitMine's total to 1,080,512 shares of ETH, according to onchain analysis platform Lookonchain.
Staking is the process of staking or staking a cryptotoken by validators or third-party staking service providers.
Investing in crypto is secured by the blockchain network, where shares are issued to the verifier or investor represented by a third-party provider.
“BitMine is now worth about $3.3 billion in ETH at a current yield of 2.81%, which translates to about $94.4 million a year,” market analyst Nick Pukrin said.
“Obviously, bitcoin doesn't generate cash flow,” Pukrin added.
The event follows a tumultuous year for crypto-treasury companies, with some shedding more than 90% of their value from all-time highs.
BitMine stock is down more than 80% from its all-time high of $161 per share, reached in July 2025, and is trading at $30.06 per share at press time.
Related: BitMine Buys $105M in Ether to Start 2026, Still Has $915M in Cash
BitMine Chairman Asks Shareholders to Approve 1000x Increase in Authorized Shares
In early January 2026, BitMine Chairman Tom Lee urged shareholders to vote yes on a proposal to increase the authorized share limit to 50 billion shares.
The proposal raises the number of shares BitMine is allowed to issue from 50 million to 50 billion – a 1000x increase.
Increasing the authorized share limit does not mean the company will issue these shares, Lee explained.
Raising the authorized share limit would accommodate future stock dividends, making Bitmine's share price more affordable at around $25 per share, he said.
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