Bitmine Immersion Applied sciences, the world’s largest public holder of Ether, elevated its ETH treasury final week with one other massive buy.
The corporate acquired 101,627 ETH throughout the week of April 13 to April 19, according to a press launch and an accompanying Type 8-Ok submitting with the US Securities and Change Fee on Monday.
The acquisition marks Bitmine’s largest Ether purchase since Dec. 15, 2025, in accordance with chairman Tom Lee. “Bitmine has maintained the elevated tempo of ETH buys in every of the previous 4 weeks, as our base case ETH is within the ultimate levels of the ‘mini-crypto winter,’” Lee mentioned.
Following the acquisition, Bitmine mentioned it held 4,976,485 ETH valued at roughly $11.5 billion at a reference worth of $2,301 per token. The corporate additionally holds 199 Bitcoin (BTC), a $200 million stake in Beast Industries, a $107 million stake in Eightco Holdings and $1.12 billion in money. The corporate’s whole crypto and money holdings are $12.9 billion.
The most recent replace extends Bitmine’s lead amongst public firm Ether treasuries as crypto steadiness sheet methods proceed to unfold throughout public markets.
Bitmine is 82% of the way in which to the “alchemy of 5%”
In holding 4.98 million ETH, Bitmine now owns greater than 4% of whole Ether circulating provide. The corporate mentioned its broader purpose stays to succeed in the “alchemy of 5%,” a long-term goal it has been working towards via repeated large-scale purchases.
The acquisition got here after Bitmine recently started trading on the New York Stock Exchange after uplisting from the NYSE American as the corporate expanded its share buyback program.
Bitmine has additionally expanded its staking operations via its MAVAN (Made in America Validator Community) platform. The system is designed to assist institutional-grade Ethereum staking with an emphasis on efficiency and safety.
The corporate reported that 3.33 million ETH is presently staked, producing annualized staking revenues of over $200 million.
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At Paris Blockchain Week 2026, Lee mentioned the latest crypto stoop was a “mini crypto winter,” and predicted that Ether could climb above $60,000 over the subsequent few years.
