BlockBeats News, January 12th, according to official sources, BitMine announced today that the total value of its cryptocurrency holdings, cash reserves, and “potential projects” investments has reached $14 billion. As of 7pm EST on January 11th, the company’s cryptocurrency holdings include:
· 4,167,768 ETH
· 193 BTC
· $23 million investment in Eightco Holdings (NASDAQ: ORBS) as a “potential project”
· and $9.88 billion in cash.
The amount of ETH held by Bitmine accounts for 3.45% of the current total Ethereum supply (120.7 million).
Bitmine’s Chairman and Fundstrat analyst Thomas “Tom” Lee stated: “2026 portends many positive trends for the crypto space, with stablecoin adoption and asset tokenization driving blockchain to be the settlement layer of Wall Street, benefiting Ethereum in particular. We still consider the leverage reset post October 10, 2025, as a ‘mini crypto winter.’ 2026 will be the year of crypto price recovery, with 2027-2028 seeing even stronger growth.” He added: “Over the past week, we have increased our ETH holdings by 24,266 ETH, while our cash position has grown by $73 million. Bitmine selectively issues shares above the adjusted NAV as we remain the world’s largest ‘new capital’ buyer of Ethereum. When MAVAN commences commercial operations, we will be the largest staking provider in the entire crypto ecosystem.”
