BlockBeats News, January 12 — According to official sources, BitMine announced today that the total value of its crypto assets, cash holdings, and investments in “potential projects” has reached $14 billion. As of 7 p.m. Eastern Time on January 11, the company’s crypto assets include:
· 4,167,768 ETH
· 193 BTC
· An investment of $23 million in “potential projects” for Eightco Holdings (Nasdaq: ORBS)
· And $988 million in cash.
BitMine’s holdings of Ethereum account for 3.45% of the current total supply of Ethereum (1.207 billion).
Thomas “Tom” Lee, Chairman of BitMine and an analyst at Fundstrat, stated: “2026 signals many positive trends for the crypto space. The adoption of stablecoins and asset tokenization is driving blockchain to become the settlement layer on Wall Street, with Ethereum especially benefiting. We still view the leverage reset after October 10, 2025, as a ‘mini crypto winter.’ 2026 will be the year of crypto price recovery, with stronger growth expected in 2027-2028.” He added: “Over the past week, we increased our Ethereum holdings by 24,266 ETH, while our cash position grew by $73 million. BitMine selectively issues shares at prices above adjusted net asset value, and we remain the world’s largest buyer of Ethereum ‘new funds.’ When MAVAN launches commercial operations, we will become the largest staking service provider in the entire crypto ecosystem.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Tom Lee Predicts ETH ATH at $15,000 as Ethereum Activity Hits Record Levels
Tom Lee predicts ETH ATH at $15,000 and above.
Ethereum network usage activity hits record levels.
This is a bullish signal, a move unseen since 2021 bull run.
As the price of the pioneer crypto asset, Bitcoin (BTC), continues to try and reclaim prices above $70,000, the pioneer
CryptoNewsLand1h ago
ETH/BTC Market Outlook – Analyzing the Potential for a 0.0265 Support Retest
Crypto Market is currently experiencing extreme volatility and the need for a strategic reassessment as investors evaluate the various results of different assets in relation to each other, such as the ETH/BTC pair,
BlockChainReporter2h ago
