TLDR:
-
- Tom Lee’s Bitmine acquired 71,252 ETH last week, its highest single-week buying pace since December 2025.
- Bitmine’s total ETH holdings reached 4,803,334 tokens, representing 3.98% of the entire Ethereum supply.
- With 3,334,637 ETH staked at $7.1B, annualized staking revenues have grown to $196 million as of April 2026.
- Bitmine’s combined crypto, cash, and investment holdings reached $11.4B, backed by $864 million in available cash reserves.
Tom Lee’s Bitmine Immersion Technologies (NYSE American: BMNR) acquired an additional 71,252 ETH last week, pushing total holdings to 4,803,334 ETH.
That figure represents approximately 3.98% of the entire Ethereum supply. Combined crypto, cash, and investment holdings reached $11.4 billion, including $8.64 billion in ETH and $864 million in cash.
With 3,334,637 ETH currently staked at $7.1 billion, Bitmine remains the largest Ethereum treasury in the world.
Weekly ETH Purchase Marks Highest Acquisition Pace Since December 2025
The 71,252 ETH acquired last week marks Bitmine’s fastest weekly buying pace since December 22, 2025. At $2,123 per ETH, the total ETH stack is now valued at approximately $8.64 billion.
Chairman Tom Lee has maintained an accelerated buying schedule over each of the past four consecutive weeks.
Lee attributed the increased pace to a broader market view. He described the current period as the final stages of what he calls a “mini-crypto winter.”
The company sees present prices as an entry opportunity before an anticipated ETH leadership cycle.
Bitmine is now 79% of the way toward its stated target of owning 5% of the total ETH supply. Lee referred to this milestone internally as the “Alchemy of 5%,” a goal the company has been pursuing over the past nine months.
“In the past week, we acquired 71,252 ETH, which is the highest pace of buys since the week of December 22, 2025,” Lee stated.
The pace of acquisitions shows no sign of slowing, given the company’s cash reserves of $864 million still available for deployment.
$7.1 Billion in Staked ETH Powers Growing Staking Revenue
Of Bitmine’s 4,803,334 ETH, a total of 3,334,637 tokens are currently staked, representing roughly 69% of total holdings.
At $2,123 per ETH, that staked position carries a current value of $7.1 billion. Annualized staking revenues have reached $196 million, with a seven-day yield of 2.78%.
That yield slightly exceeds the CESR benchmark rate of 2.74%, administered by Quatrefoil. At full deployment through its MAVAN staking platform, Bitmine projects annual staking rewards of $282 million.
MAVAN, the Made in America Validator Network, was built initially to support Bitmine’s own treasury operations.
The platform is now being opened to institutional investors, custodians, and ecosystem partners.
Lee noted that Bitmine has staked more ETH than any other entity globally, a position supported by the scale of its treasury.
Beyond ETH, total holdings include 198 Bitcoin, $200 million in Beast Industries, and $92 million in Eightco Holdings (NASDAQ: ORBS). The ORBS position gives Bitmine indirect exposure to OpenAI.
The company also received approval to uplist from NYSE American to the New York Stock Exchange, effective April 9, 2026, continuing under the ticker “BMNR.”
