Bitmine Immersion Technologies, the Ethereum treasury giant led by Thomas “Tom” Lee, has boosted its staked Ethereum holdings to 659,219 ETH worth over $2 billion, according to a Monday press release.

Bitmine has recently partnered with three staking partners as it gears up to roll out its commercial ‘Made in America Validator Network’ (MAVAN) this year.

The company closed 2025 with a treasury expansion, adding 32,977 ETH in the year’s final week.

With total ETH holdings now exceeding 4 million ETH, roughly 3.4% of the circulating supply, the company is well-positioned to hit its ambitious ‘Alchemy of 5%’ target.

“We are excited about the prospects for Ethereum in 2026 given the multiple tailwinds of US government support for crypto, Wall Street embracing stablecoins and tokenization,” said Lee.

The company will hold its annual stockholder meeting on January 15, where shareholders will vote on increasing authorized shares to support future capital activities.