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
Ethereum price hovers around $1990, with whales accumulating on dips, driving network activity to a ten-year high
Ethereum price has recently hovered around $1980-$1990 but has not broken through $2000. Daily active addresses hit a new high, indicating increased network usage. Large whales have increased their holdings by 120,000 ETH, while small wallets have sold off 210,000 ETH. Market bullish pressure is at $1900-$1950, with a focus on breaking $2000 to determine the trend.
GateNews8m ago
Whale Purchases 4,900 ETH Worth $9.7M from Centralized Exchange
Gate News bot message, a whale purchased 4,900 $ETH valued at $9.7 million from a centralized exchange 15 minutes ago. The whale is likely to continue accumulating more ETH.
GateNews20m ago
TRON Just Printed $1.1M in a DAY – While ETH Sleeps!
Justin Sun highlights a shift from hype to utility in blockchain, with AI agents driving real demand. TRON leads in revenue and transaction activity, outperforming competitors. While optimism exists, some critics question TRON's visibility in innovation. The focus is now on quantifiable success, with AI emerging as a key factor in blockchain's evolution.
Coinfomania24m ago
Top 3 cryptocurrency price predictions: BTC, ETH, and XRP are struggling to find a trend amid a prolonged accumulation phase
Bitcoin (BTC), Ethereum (ETH), and XRP continue to trade cautiously on Wednesday as bullish momentum across the entire cryptocurrency market gradually weakens. Cautious capital flow prevents large-cap coins from breaking free from the prolonged stalemate.
BTC remains stagnant in
TapChiBitcoin34m ago
ETH 15-minute increase of 0.95%: Macroeconomic safe-haven funds flow in and DeFi innovations drive fluctuations
On March 4, 2026, from 06:30 to 06:45 (UTC), ETH achieved a return of +0.95% within 15 minutes, with a price range of 1967.24 to 1986.41 USDT and an amplitude of 0.97%. The short-term abnormal movement highlights increased market attention and is accompanied by heightened volatility, drawing significant focus from trading communities and on-chain funds.
The main driver of this abnormal movement is the influx of macro hedging funds. Major Asian stock markets experienced a sharp decline, with the largest single-day drop exceeding 12%, prompting global funds to seek safe havens. Cryptocurrencies, as a mainstream alternative, received a notable influx of capital.
GateNews55m ago
The altcoin market is experiencing a structural decline, with 38% of tokens approaching historical lows, as funds continue to flow into Bitcoin and Ethereum.
The current crypto market is showing clear divergence, with 38% of altcoins trading near historical lows and facing ongoing selling pressure. Liquidity is tightening, with market funds concentrating in Bitcoin and Ethereum. Some public chain projects remain active, but liquidity for many altcoins has decreased significantly, transaction costs have risen, and market vulnerability has increased. Additionally, enhanced European regulation could further accelerate market concentration, and the long-term disadvantages of fringe altcoins are becoming more apparent.
GateNews1h ago
