On January 20, 2026, BitMine Immersion Technologies strengthened its BitMine Ethereum accumulation strategy after massively acquiring the asset during its recent market weakness. According to journalist Hassan Shittu, the New York-listed firm now controls 4,203,036 ETH, consolidating one of the largest corporate treasuries in the world, valued at approximately 13.5 billion dollars at recent prices.
This aggressive buying stance, executed consistently since last October, has allowed the company to capture more than 35,000 ETH in the last week alone. Although the currency experienced a 10.8% drop over the past seven days, BitMine took advantage of the pullback to narrow the gap toward its ambitious goal of controlling 5% of the circulating supply.
Currently, the firm’s holdings represent 3.48% of the total available Ether, underscoring the institutional scale of its financial bet. To reach the milestone known as the “alchemy of 5%,” the organization needs to obtain an additional 1.8 million units, which would imply an investment of several billion dollars at current market prices.
Infrastructure deployment and long-term yield vision
Chairman Tom Lee has defended this strategic direction, asserting that the accumulation of digital assets increases net asset value, while also avoiding share issuance below internal estimates. However, shareholder support has been strong, approving management proposals with 81% of the votes cast during the recent annual meeting held in Las Vegas.
Beyond simple custody, the company is moving its capital into staking, having already deposited more than 1.8 million ETH into protocols, a figure that triples its records from earlier this month. Furthermore, the launch of its own validator network, MAVAN, is being prepared, aiming to transform its treasury into a constant source of passive income through network yields.
It is estimated that once the validation operation is fully deployed, the company could generate approximately one million dollars per day in staking fees. Therefore, the BitMine Ethereum accumulation strategy seeks not only capital appreciation but also the creation of massive cash flow derived from the network’s own technology.
Will BitMine succeed in consolidating its dominance over Ether’s supply this year?
With a total asset valuation reaching 14.5 billion dollars, including a cash reserve close to one billion, BitMine’s financial strength appears indisputable. The firm also maintains smaller positions in Bitcoin and venture capital, diversifying its portfolio while maintaining its primary focus on the smart contract ecosystem, where it expects to exert a decisive influence.
Despite the fact that the company’s shares are trading below their 2025 highs, their daily trading volume remains extraordinary in the United States markets. Consequently, the market is watching closely to see if the BitMine Ethereum accumulation strategy can absorb the necessary supply without causing a disruptive impact on the asset’s global liquidity.
Looking ahead to the coming months, the completion of the MAVAN network will be the catalyst that defines the operational success of this massive corporate bet. The firm’s ability to continue buying the dips will determine if it finally reaches the historic 5% milestone, becoming a systemic player for the network’s future.
