Bitmine Adds 101,627 ETH in Biggest Weekly Accumulation in 4 Months

TLDR:

Bitmine added 101,627 ETH last week, its fastest accumulation pace since December 15, 2025.
The company now holds 4.976M ETH, equal to 4.12% of Ethereum’s total supply of 120.7M tokens.
Bitmine’s MAVAN staking platform generates $221M annually at a 7-day yield of 2.88% on staked ETH.
Total Bitmine holdings reach $12.9B, including $1.12B cash and a $107M stake in Eightco Holdings.

Bitmine Immersion Technologies recorded its fastest pace of Ethereum accumulation in four months last week. The company added 101,627 ETH, bringing its total holdings to 4,976,485 ETH as of April 19, 2026.

This represents approximately 4.12% of Ethereum’s total circulating supply of 120.7 million tokens. Combined crypto, cash, and investment holdings now stand at $12.9 billion, reinforcing Bitmine’s position as the world’s largest ETH trea

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Bitmine Closes In on Its 5% ETH Accumulation Target

Bitmine has now reached 82% of its self-described “Alchemy of 5%” goal in just nine months. The company has consistently maintained its buying pace over the past four weeks. Chairman Thomas Lee stated the firm views Ethereum as entering the final stages of a “mini-crypto winter.”

Lee pointed to ETH’s 41% rise from early February lows as a positive signal. He also noted that ETH has outperformed the S&P 500 by 2,280 basis points since the US-Iran conflict began. In his view, this positions ETH as a leading war-time store of value.

The company’s buying activity places it well ahead of other institutional ETH holders globally. Bitmine holds nearly five million ETH tokens, making it the dominant Ethereum treasury worldwide. By comparison, Strategy Inc. leads all crypto treasuries with 780,897 BTC valued at $58.2 billion.

Beyond ETH, Bitmine holds 199 BTC, $1.12 billion in cash, a $200 million stake in Beast Industries, and a $107 million investment in Eightco Holdings (NASDAQ: ORBS). Eightco is one of the few publicly listed equities offering investors direct exposure to OpenAI.

MAVAN Staking Platform Drives Growing Revenue Stream

Bitmine recently launched MAVAN, short for the Made in America Validator Network. The platform was originally developed to support Bitmine’s own Ethereum treasury operations.

It now aims to serve institutional investors, custodians, and ecosystem partners seeking high-performance staking infrastructure.

As of April 20, 2026, Bitmine has staked 3,334,637 ETH, valued at approximately $7.7 billion. This represents roughly 67% of the company’s total ETH holdings. Annualized staking revenues have reached $221 million, based on a 7-day yield of 2.88%.

At full staking scale, projected annual ETH staking rewards are estimated at $330 million. The Composite Ethereum Staking Rate, administered by Quatrefoil, currently stands at 2.76%. Bitmine’s own operations are outperforming that benchmark.

Bitmine also ranks among the most actively traded US equities. The stock has averaged $1.2 billion in daily dollar volume over a recent five-day period.

That places BMNR at number 80 among 5,704 US-listed stocks, just ahead of D-Wave Quantum and behind Uber Technologies.