TLDR
- Bitmine bought 101,901 ETH last week, raising holdings to 5.08 million ETH.
- The company now owns 4.21% of Ethereum’s total 120.7 million supply.
- Bitmine has staked 3.7 million ETH, valued at $8.8 billion.
- BMNR now trades on the NYSE after uplisting on April 9, 2026.
Tom Lee’s Bitmine Immersion Technologies added 101,901 ETH last week, extending its fast Ethereum buying plan. The latest purchase lifted its holdings to 5,078,386 ETH, worth about $11.76 billion. The company now owns 4.21% of Ethereum’s total supply.
Bitmine Expands Ethereum Treasury
Bitmine said its crypto, cash, and other holdings reached $13.3 billion as of April 26, 2026. The total includes 5.078 million ETH, 200 Bitcoin, $940 million in cash, and other investments.
The company said its ETH was priced at $2,369 per token at the reporting time. Based on that price, the Ethereum position was worth about $12.03 billion. The release also cited a market value of $11.76 billion for its ETH holdings.
Bitmine Chairman Tom Lee said the company crossed 5 million ETH during the past week. “This is a major milestone as the Company moves towards acquiring 5% of the ETH supply,” Lee said. He added that Bitmine reached the level in 10 months.
Push Toward Five Percent ETH Goal
Bitmine said it now owns 4.21% of Ethereum’s 120.7 million token supply. The company described its target as the “Alchemy of 5%” plan. It said it is 84% of the way toward that level.
Lee said Bitmine raised its pace of ETH purchases during the past four weeks. He said the latest weekly buy was the largest since the week of December 15, 2025. “In the past week, we acquired 101,901 ETH,” Lee said.
The company linked its buying plan to demand for public blockchain networks. Lee said Ethereum benefits from tokenization by Wall Street firms. He also said agentic AI systems may need public and neutral blockchains.
Staking Program Grows Through MAVAN
Bitmine also reported 3,701,589 staked ETH as of April 26. That staked amount was valued at $8.8 billion, using $2,369 per ETH. The company said staked ETH represented about 73% of its total ETH holdings.
The firm recently launched MAVAN, or the Made in America Validator Network. Bitmine described MAVAN as an institutional Ethereum staking platform. It said the network focuses on security, performance, and resilience.
Lee said annualized staking revenues stood at $264 million. He said full staking at scale could produce $363 million each year. That estimate used a 3.033% seven-day BMNR yield.
NYSE Uplisting and Market Activity
Bitmine moved its common stock from NYSE American to the New York Stock Exchange on April 9, 2026. The shares continue to trade under the BMNR ticker. The company said the uplisting followed growth in its crypto treasury plan.
The firm also holds a $200 million stake in Beast Industries. It reported a $91 million stake in Eightco Holdings, which trades on Nasdaq under ORBS. Bitmine described these holdings as part of its “moonshots” portfolio.
Bitmine said BMNR traded $845 million per day on a five-day average through April 24. It said that ranked the stock 129th among U.S.-listed stocks. The company also named ARK’s Cathie Wood, Founders Fund, Pantera, Kraken, DCG, and Galaxy Digital among its backers.
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