Bitmine Buys 101,627 ETH, Holdings Near 5M Ether

Bitmine Immersion Technologies, the world’s largest public Ether holder, increased its ETH holdings last week with another significant purchase.

The company acquired 101,627 ETH during the week of April 13 to April 19, according to a press release and an accompanying Form 8-K filing with the US Securities and Exchange Commission on Monday.

This is Bitmine’s largest Ether purchase since December 15, 2025, according to chairman Tom Lee. “Bitmine has maintained the increased pace of ETH buys in each of the past four weeks, as our base case ETH is in the final stages of the ‘mini-crypto winter,’ Lee said.

Following the purchase, Bitmine reported holding 4,976,485 ETH valued at approximately $11.5 billion, based on a reference price of $2,301 per token.

The company also holds 199 Bitcoin, a $200 million stake in Beast Industries, a $107 million stake in Eightco Holdings, and $1.12 billion in cash. Total crypto and cash holdings amount to $12.9 billion.

This update further extends Bitmine’s lead among public company Ether treasuries, as crypto balance sheet strategies continue to gain traction in public markets.

In holding 4.98 million ETH, Bitmine now owns more than 4% of total Ether circulating supply.  The company said its broader goal remains to reach the “alchemy of 5%,” a long-term target it has been working toward through repeated large-scale purchases.

The purchase followed Bitmine’s recent uplisting to the New York Stock Exchange from NYSE American, coinciding with the expansion of its share buyback program.

Bitmine has also expanded staking operations through its MAVAN (Made in America Validator Network) platform, which supports institutional-grade Ethereum staking with a focus on performance and security.

The company reported 3.33 million ETH currently staked, generating annualized staking revenues exceeding $200 million.

At Paris Blockchain Week 2026, Lee described the recent crypto downturn as a “mini crypto winter” and predicted Ether could surpass $60,000 in the coming years.

Source: X.com

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