Bitmine Adds 71,524 ETH, Nears 4.87M Holdings Total

• Bitmine added 71,524 ETH last week, raising holdings to 4.87M and nearing its target of 5% of total supply.
• About 68% of ETH is staked, limiting market supply while generating over $200M in annualized staking revenue.
• Growing portfolio and trading activity reflect rising confidence as ETH demand links to tokenization and AI use cases.

Bitmine Immersion Technologies said Monday it bought 71,524 Ether in the past week, lifting total holdings to about 4.87 million ETH. The purchases, disclosed as of April 12, 2026, reflect the firm’s fastest accumulation since December 2025. The move comes as the company targets up to 5% of Ethereum’s total supply through continued buying.

Notably, Bitmine now controls roughly 4.04% of Ethereum’s estimated 120.7 million token supply. The firm valued its ETH at about $2,206 per coin at disclosure. It also holds 198 Bitcoin and about $719 million in cash, according to the update.

However, the latest weekly purchase stands out. The company added over 71,000 ETH in a single week, marking its quickest pace in months. Over the past four weeks, it increased buying activity, which it described as evidence of renewed market confidence.

According to CoinGecko data, Bitmine remains the largest Ethereum treasury company. SharpLink follows with about 868,699 ETH, while The Ether Machine holds 496,712 ETH. Exodus Movement also increased holdings, adding 17 ETH to reach 1,857 ETH.

Beyond accumulation, Bitmine continues to stake a large share of its Ethereum. As of April 13, 2026, about 3,334,637 ETH, or 68% of holdings, was staked. This portion is valued at approximately $7.4 billion.

Notably, staked ETH remains locked and cannot be traded freely. As a result, less supply stays available in the market. The company reported annualized staking revenue of about $212 million from current operations.

However, it projects up to $310 million in yearly rewards if it stakes all holdings. Its seven-day yield reached 2.89%, slightly above the 2.73% composite staking rate. Bitmine uses its MAVAN platform to manage part of these staking operations.

Meanwhile, Bitmine’s broader portfolio totals about $11.8 billion, including crypto, cash, and equity stakes. It holds positions in Beast Industries and Eightco Holdings. The firm also recently debuted on the New York Stock Exchange after uplisting from NYSE American.According to the company, its stock recorded about $747 million in average daily trading volume over five days. Chairman Tom Lee linked recent ETH performance to tokenization demand and increased blockchain use by AI systems.