Bitmine Acquires 71,252 ETH, Nears 4% of Ethereum Supply With Massive Holdings

• Bitmine holds 4.8M ETH, nearing 4% of supply, after aggressive accumulation and sustained weekly purchases.
• About 69% of ETH is staked, generating up to $282M annually as MAVAN infrastructure scales operations.
• Firm reports $11.4B holdings and plans NYSE listing, reinforcing its position as top Ethereum treasury holder.

Bitmine Immersion Technologies reported Tuesday that its total crypto, cash, and “moonshot” holdings reached $11.4 billion, driven by aggressive Ethereum accumulation and staking expansion. The company confirmed holding 4.8 million ETH and controlling 3.98% of supply, while Chairman Tom Lee outlined continued buying, staking growth, and infrastructure scaling through its MAVAN platform.

Accumulation Pushes Holdings Toward Key Level

According to the company’s latest release, Bitmine added 71,252 ETH over the past week. Notably, this marks its fastest weekly accumulation since December 2025. The firm has now sustained elevated buying activity for four consecutive weeks.

As a result, total Ethereum holdings climbed to 4,803,334 ETH. Based on a $2,123 price, this places the position near 4% of circulating supply. The company stated this brings it 79% toward its “Alchemy of 5%” target.

Meanwhile, Bitmine disclosed $864 million in cash reserves. It also holds a $200 million stake in Beast Industries and $92 million in Eightco Holdings. Additionally, exposure through ORBS equity links part of its portfolio to OpenAI-related developments.

Staking Operations Expand Through MAVAN 

Alongside accumulation, Bitmine continues scaling its staking infrastructure. As of April 6, 2026, the firm reported 3,334,637 ETH staked. This represents approximately $7.1 billion of its total holdings.

Tom Lee said the company has staked more Ethereum than any other entity globally. Currently, about 69% of its ETH holdings are deployed in staking operations.

Annualized staking revenue stands at $196 million. However, projections suggest rewards could reach $282 million annually at full scale. These estimates rely on a 2.78% seven-day BMNR yield and a 2.74% composite staking rate.

Market Conditions and Listing Transition

Lee also addressed broader market conditions tied to the U.S.-Iran conflict. He noted Ethereum has outperformed equities by 1,130 basis points during this period. In contrast, gold lagged Ethereum by 1,840 basis points.

At the same time, Bitmine confirmed its transition to the New York Stock Exchange. Trading on NYSE American will end after market close on April 8, 2026. The company will begin trading on the NYSE under ticker BMNR on April 9.

Within crypto treasuries, Bitmine ranks as the largest Ethereum holder. It trails only Strategy Inc., led by Michael Saylor, in overall digital asset treasury scale.

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