BitMine Acquires 71,524 ETH as Treasury Nears 5% of Ethereum Supply

Highlights:

• BitMine has acquired 71,524 ETH, lifting total holdings near 4.9 million and pushing supply ownership above 4%.
• The firm has staked 3.33 million ETH, creating a projected annual revenue stream above $212 million.
• The recent NYSE uplisting has gained BMNR more visibility as BitMine expanded its buyback plan to $4 billion.

BitMine Immersion Technologies stepped up its Ethereum strategy again after another large weekly purchase. According to the press release, BitMine acquired 71,524 ETH during the week ending April 5, marking its fastest accumulation pace since late December 2025. As a result, its total Ethereum holdings climbed to nearly 4.9 million coins. At current market prices, the treasury stands at more than $10.7 billion.

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Moreover, the latest purchase pushed BitMine close to one of its biggest long-term targets. The company now controls more than 4% of Ethereum’s total token supply and has reached about 81% of its stated goal.

Four Straight Weeks of Faster Ethereum Accumulation

Tom Lee, BitMine’s chairman, said the company has accelerated buying for four consecutive weeks. He described the latest 71,524 ETH purchase as the biggest weekly haul since the week of December 22, 2025. During that earlier period, BitMine bought 98,852 ETH.

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BitMine provided its latest holdings update for April 13, 2026:

$11.8 billion in total crypto + "moonshots":
– 4,874,858 ETH at $2,206 per ETH (@coinbase)
– 198 Bitcoin (BTC)
– $200 million stake in Beast Industries @MrBeast
– $85…

— Bitmine (NYSE-BMNR) $ETH (@BitMNR) April 13, 2026

Lee also tied the strategy to his market outlook for Ethereum. He said the company sees ETH in the final stages of a mini-crypto winter. At the same time, he argued that Wall Street tokenization and rising demand from agentic AI systems continue to support Ethereum’s long-term case. As a result, BitMine has continued to deploy capital into ETH instead of slowing down.

The company also said Ethereum has held up well during the war in Iran, which has entered its seventh week. Lee stated that ETH has gained 17.4% since the conflict began. He added that the token outperformed the S&P 500 by 1,830 basis points and gold by 2,743 basis points. Based on that performance, he described Ethereum as a wartime store of value.

Staking Revenue Turns Treasury Size into Cash Flow

Meanwhile, BitMine has built a second revenue stream through staking. The company said it has already staked 3,334,637 ETH, which equals about 68% of its total holdings. Based on recent price levels, that staked position carries a value of roughly $7.4 billion. Current annualized staking revenue stands near $212 million, according to company figures.

In addition, BitMine recently launched the Made in America Validator Network (MAVAN). The platform first supported BitMine’s own treasury operations, but the company now plans to offer it to institutions, custodians, and ecosystem partners. Lee said fully staking the firm’s Ethereum through MAVAN and partner validators could generate more than $300 million in yearly rewards.

NYSE Move and Buyback Raise Its Market Standing

The company recently widened its profile in public markets. On April 9, BitMine moved from the NYSE American to the New York Stock Exchange while keeping the BMNR ticker. Daily trading volume now ranges from about $747 million to $987 million, placing the stock among the most liquid U.S. equities. This visibility has strengthened BitMine’s position as the largest corporate Ethereum treasury.

A major milestone for Bitmine today 🎉$BMNR is uplisting to the 'Big Board' @NYSE, a hallowed and iconic exchange and the envy of capital markets around the worldhttps://t.co/WUnGw4YoJW pic.twitter.com/fCtd09dhKm

— Bitmine (NYSE-BMNR) $ETH (@BitMNR) April 9, 2026

The board also expanded its share buyback authorization from $1 billion to $4 billion. BitMine said its broader balance sheet now totals about $11.8 billion, including cash and other equity holdings. Only Strategy ranks ahead of BitMine among crypto treasury firms, based on the value of its Bitcoin holdings.

At the time of this writing, ETH was trading around $2,210, up by more than 1% over the last 24 hours. Its market capitalization and trading volume have surged to %265 billion and $15 billion, respectively.

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