PANews reported on January 12 that, according to an official announcement, Bitmine purchased 24,266 Ethereum (approximately $75.37 million) last week, bringing its total holdings to 4,167,768 ETH (approximately $12.9 billion), representing 3.45% of the total network supply. Of these, 1,256,083 ETH are currently staked. The MAVAN staking network is expected to launch in Q1 2026.

Chairman Tom Lee issued a special statement urging shareholders to vote in favor of Proposal No. 2—an increase in authorized shares—at the upcoming annual general meeting on January 15. The company's bylaws require support from over 50.1% of outstanding shares, a very high threshold. If the proposal fails to pass, the current authorization of 500 million shares will soon be exhausted, potentially limiting the ETH staking program.