Bitmine Buys 101,627 ETH, Treasury Nears 5% of Ether
Bitmine bought 101,627 ETH the week of April 13–19, bringing holdings to 4,976,485 ETH, about 4% of circulating Ether and approaching its 5% target.
Bitmine Immersion Technologies purchased 101,627 ETH during the week of April 13–19, raising its Ether holdings to 4,976,485 ETH, roughly 4% of circulating supply, the company reported in a press release and a Form 8‑K filed with the U.S. Securities and Exchange Commission on Monday.
The filing notes the purchase is Bitmine’s largest Ether acquisition since Dec. 15, 2025. In the filing, Chairman Tom Lee wrote, “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.'”
Using a reference price of $2,301 per token, Bitmine valued its Ether position at about $11.5 billion. The company disclosed additional holdings of 199 Bitcoin, a $200 million stake in Beast Industries, a $107 million stake in Eightco Holdings and $1.12 billion in cash, bringing total reported crypto and cash assets to $12.9 billion.
Bitmine reported its staking operations run on the MAVAN (Made in America Validator Network) platform. The filing shows 3.33 million ETH are currently staked, producing annualized staking revenues in excess of $200 million.
The company reiterated a long-term target of owning 5% of circulating Ether and described its current holdings as roughly 82% of that target. Bitmine has increased the pace of large-scale purchases over recent weeks to advance toward the 5% goal.
Recent filings also note corporate actions including an uplisting from the NYSE American to the New York Stock Exchange and an expanded share buyback program. At Paris Blockchain Week 2026, Tom Lee projected Ether could climb above $60,000 over the next several years if market conditions follow the firm’s base case.
The disclosures document Bitmine’s treasury purchases, staking activity and related corporate moves for regulators and investors.
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