Bitmine bought 32,977 ETH last week, now holding $13.08 billion worth of ETH

CoinVoice has learned that, according to PR Newswire, Bitmine announced today that the total value of its held crypto assets, cash, and investments in “potential projects” has reached $14.2 billion. As of 9:00 PM Eastern Time on January 4, the company’s crypto holdings include:

4,143,502 ETH, 192 BTC, equity investments in “potential projects” worth $25 million in Eightco Holdings (Nasdaq: ORBS), and $915 million in cash.

Bitmine’s ETH holdings account for 3.43% of the total ETH supply (1.207 billion).

Thomas “Tom” Lee, Chairman of Bitmine and analyst at Fundstrat, said: “We are optimistic about Ethereum’s prospects in 2026, thanks to multiple positive factors: increased support from the US government for the crypto industry, Wall Street’s embrace of stablecoins and asset tokenization, the rising demand for identity verification and provenance proof in the AI era, and the accelerated adoption of crypto assets by younger generations. Additionally, the surge in commodity and precious metal prices in 2025 also signals a bullish trend for crypto prices in 2026—cryptocurrencies often correlate with metal prices.”

“During the last week of 2025, overall stock and crypto market activity slowed, but we still increased our ETH holdings by 32,977 coins within the week,” Lee further noted. “Our analysis shows that compared to other Ethereum digital asset reserve institutions, Bitmine is continuing to accumulate ETH at a faster rate. We remain the world’s largest ‘new capital’ buyer of ETH.”