Bitmine Immersion’s Massive $13.2B Portfolio Anchored by 4M+ ETH, Valued via Coinbase Pricing

In a landmark disclosure, Bitmine Immersion Technologies, Inc. (BMNR) has reported staggering crypto and cash holdings totaling $13.2 billion as of late December 2025. The cornerstone of this immense portfolio is its position of 4.066 million Ethereum (ETH) tokens. According to the company's report, the valuation of this ETH cache is pegged at approximately $2,991 per token, a figure explicitly derived from Coinbase's pricing data as of December 21, 2025. This reliance on a leading, regulated U.S. exchange like Coinbase for valuation underscores a maturing approach to corporate crypto accounting, lending significant credibility and transparency to the declared asset value. The Las Vegas-based firm, which articulates a strategy centered on long-term cryptocurrency accumulation, has effectively positioned itself as one of the largest publicly-traded corporate holders of Ethereum. This disclosure is not merely a balance sheet update; it is a powerful signal of institutional conviction in the core infrastructure of the digital asset ecosystem. The sheer scale of the holdings, validated through Coinbase's market data, highlights a profound bet on Ethereum's long-term utility and value proposition beyond speculative trading. For investors and market observers, this move by Bitmine Immersion validates several key trends: the deepening integration of traditional corporate finance with digital assets, the growing preference for using established exchanges like Coinbase as pricing oracles for institutional reporting, and the continued confidence in Ethereum as a foundational blockchain platform. The announcement likely serves to bolster investor confidence in BMNR's strategy and could influence how other public companies approach the disclosure and valuation of their digital asset treasuries. As the line between traditional finance and cryptocurrency continues to blur, such transparent, exchange-anchored reporting sets a new standard for corporate engagement with the asset class.

Bitmine Immersion (BMNR) Reports $13.2 Billion in Crypto and Cash Holdings, Including 4.066 Million ETH

Bitmine Immersion Technologies, Inc. (NYSE AMERICAN: BMNR) disclosed its crypto and cash holdings totaling $13.2 billion, with 4.066 million ethereum (ETH) tokens forming the bulk of its portfolio. The company's ETH holdings are valued at approximately $2,991 per token, based on Coinbase pricing as of December 21, 2025.

The Las Vegas-based firm, which focuses on long-term crypto accumulation, also holds 193 Bitcoin (BTC), a $32 million stake in Eightco Holdings (NASDAQ: ORBS), and $1.0 billion in cash. Bitmine's aggressive treasury strategy has positioned it as a leader among crypto-focused peers, with its stock (BMNR) ranking as the 66th most traded in the U.S. at $1.7 billion daily volume.

Institutional backing from ARK Invest's Cathie Wood, Pantera Capital, Galaxy Digital, and other prominent investors supports Bitmine's ambitious goal of acquiring 5% of all Ethereum in circulation. The company will host its annual stockholders meeting at Wynn Las Vegas on January 15, 2026.

Coinbase Acquires The Clearing Company to Expand Prediction Markets

Coinbase's acquisition of The Clearing Company, announced December 22, accelerates its push into prediction markets. The deal follows Coinbase's recent partnership with Kalshi to launch prediction markets on its platform. While financial terms remain undisclosed, the transaction is deemed "immaterial" and expected to close by January 2026.

The Clearing Company brings specialized talent, including founder Toni Gemayel (formerly of Polymarket and Kalshi) and a team of prediction market veterans. The startup had raised $15 million in August 2025 from investors like Union Square Ventures and Coinbase Ventures itself.

"Prediction markets work best when strong market structure meets real distribution," Gemayel noted, highlighting the synergy with Coinbase's 110 million verified users. The acquisition underscores Coinbase's strategic expansion beyond crypto trading into stocks and novel financial products.