Bitmine acquired 101,627 ETH in the past week, the highest weekly purchase pace since the week of December 15, 2025.
The latest acquisition brought Bitmine’s total Ethereum holdings to 4,976,485 ETH, valued at approximately $11.45 billion at $2,301 per ETH. With the purchase, Bitmine has reached 82% of its stated goal of owning 5% of the total ETH supply.
Bitmine reaches 4.12% of total ETH supply with latest purchase
Total ETH holdings of 4,976,485 now account for 4.12% of the circulating ETH supply of 120.7 million tokens. The company has described its 5% accumulation target as the “Alchemy of 5%.” At the current pace, the gap between the current 4.12% position and the 5% target is roughly 247,000 additional ETH.
As of April 19, 2026, Bitmine’s overall holdings include 4,976,485 ETH, 199 Bitcoin, a $200 million stake in Beast Industries, and a $107 million stake in Eightco Holdings. Total cash stands at $1.12 billion. The combined value of crypto holdings, cash, and these strategic stakes reaches $12.9 billion.
Tom Lee, Chairman of Bitmine, described the latest ETH purchase as consistent with the company’s view that the current crypto cycle is in its final stages. “In the past week, we acquired 101,627 ETH, which is the highest pace of buys since the week of December 15, 2025,” Lee stated. He added that ETH has risen 41% from its early February lows and has outperformed the S&P 500 by 2,280 basis points since the US-Iran war started.
Staking operations generate $221 million in annualized revenue
Bitmine has staked 3,334,637 ETH, valued at $7.7 billion at current prices. This makes it the largest ETH staker globally by volume. The company recently launched MAVAN, the Made in America Validator Network, an institutional-grade staking platform developed initially to support Bitmine’s own Ethereum treasury. MAVAN also plans to expand its services to institutional investors, custodians, and ecosystem partners.
Annualized staking revenues currently stand at $221 million. The 3,334,637 staked ETH is approximately 67% of Bitmine’s total holdings. At full scale, when all of Bitmine’s ETH is staked through MAVAN and its staking partners, projected annual staking rewards reach $330 million, based on a 2.88% seven-day yield.
Bitmine ranks as the world’s largest Ethereum treasury and the second largest global crypto treasury overall, behind Strategy Inc. Strategy holds 815,061 BTC acquired for approximately $61.56 billion at an average price of $75,527 per Bitcoin. As previously reported by Cryptopolitan, Strategy also purchased 34,164 BTC for approximately $2.54 billion at $74,395 per Bitcoin.
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Source: https://www.cryptopolitan.com/?p=932257
