Bitmine Increases Ethereum Holdings to 4.17 Million, Eyes 5% Supply Mark

Summary of Bitmine's Recent Developments

Bitmine, the largest Ethereum treasury holder, now possesses 3.45% of Ether's total supply, totaling 4.168 million ETH.
Among these holdings, 1.256 million ETH are staked to secure the Ethereum network, generating staking rewards.
Thomas "Tom" Lee, Bitmine’s chairman, is pushing for shareholders to approve an increase in authorized shares, requiring a 50.1% affirmative vote.
Total Bitmine holdings amount to $14 billion, including 193 Bitcoin, a $23 million stake in Eightco Holdings, and $988 million in cash.
Bitmine aims to hold 5% of Ethereum's total supply, with plans to stake the majority.

MAVAN Launch and Staking Expansion

Bitmine has nearly doubled its staked ETH, reaching 1,256,083 ETH, which represents about 30% of its Ethereum holdings.
The company plans to launch the Made in America Validator Network (MAVAN) in Q1 2026 to enhance staking infrastructure.
Projected daily staking fee revenue from MAVAN exceeds $1 million, based on a 2.81% composite Ethereum staking rate (CESR).

These developments position Bitmine as a significant player in the crypto investment landscape, closely following Michael Saylor's Strategy in global treasury size.