BitMine Immersion Technologies Inc ( BMNR ) shares fell on Monday as the company announced its cryptocurrency holdings have reached 4.24 million Ethereum (CRYPTO: ETH) tokens, representing 3.52% of the total ETH supply.

$12.8 Billion in Total Holdings

BitMine announced on Monday that its crypto plus total cash holdings and “moonshots” now total $12.8 billion. As of Sunday the company’s holdings include 4,243,338 ETH valued at $2,839 per token on Coinbase, 193 Bitcoin, $200 million stake in Beast Industries, $19 million stake in Eightco Holdings Inc ( ORBS ) , and total cash of $682 million.

The company stated it is nearly 70% of the way to its “Alchemy of 5%” goal in just six months.

BitMine’s staked ETH stands at 2,009,267 tokens, valued at $5.7 billion at current prices, representing an increase of 171,264 in the past week.

The company announced its MAVAN (Made in America Validator Network) staking solution remains on track to launch in Q1 2026.

Institutional Support and Trading Volume

The company disclosed it acquired 40,302 ETH in the past week. BitMine is backed by institutional investors, including ARK‘s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG and Galaxy Digital.

According to Fundstrat data, BMNR ranks as the 91st most traded stock in the U.S., with an average daily dollar volume of $1.2 billion based on five-day averages as of Jan. 9.

Price Action: BMNR shares were down 3.24% on Monday following the announcement, according to Benzinga Pro data.

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