Bitmine Executes Massive 101,627 ETH Acquisition in Biggest Buy Since Late 2025
In its largest transaction since December 2025, Bitmine acquired 101,627 Ether last week, bringing total holdings to 4,976,485 ETH—representing approximately 4.12% of total supply as the firm advances toward its 5% ownership goal.
Bitmine Immersion Technologies, which stands as the planet's largest publicly traded entity holding Ether, expanded its ETH reserves last week through yet another substantial acquisition.
The firm purchased 101,627 ETH between April 13 and April 19, as disclosed in a press release and a corresponding Form 8-K document submitted to the US Securities and Exchange Commission this Monday.
This acquisition represents Bitmine's most substantial Ether purchase since Dec. 15, 2025, as confirmed by chairman Tom Lee. "Bitmine has maintained the increased pace of ETH buys in each of the past four weeks, as our base case ETH is in the final stages of the 'mini-crypto winter,'" Lee said.
After completing this purchase, Bitmine revealed it now possesses 4,976,485 ETH with an estimated value of approximately $11.5 billion based on a reference price of $2,301 per token. Beyond its Ether position, the company maintains 199 Bitcoin (BTC), a $200 million investment in Beast Industries, a $107 million position in Eightco Holdings and $1.12 billion in cash reserves. The firm's aggregate crypto and cash assets total $12.9 billion.
This most recent announcement solidifies Bitmine's dominant position among publicly traded companies with Ether treasury holdings as cryptocurrency balance sheet strategies gain increasing traction throughout public markets.
Bitmine is 82% of the way to the "alchemy of 5%"
With its current position of 4.98 million ETH, Bitmine has now surpassed ownership of 4% of Ether's total circulating supply. According to the company, its overarching objective continues to be achieving the "alchemy of 5%," a long-range target the firm has been pursuing through consistent large-volume acquisitions.
This acquisition followed Bitmine's recent transition to trading on the New York Stock Exchange following its uplisting from the NYSE American, coinciding with the company's expansion of its share buyback program.
Beyond acquisitions, Bitmine has broadened its staking infrastructure via its MAVAN (Made in America Validator Network) platform. This system has been engineered to deliver institutional-grade Ethereum staking capabilities with a strong focus on performance and security.
According to the company's disclosures, 3.33 million ETH is presently staked through its network, producing annualized staking revenues exceeding $200 million.
During Paris Blockchain Week 2026, Lee characterized the recent crypto slump as a "mini crypto winter," and predicted that Ether could climb above $60,000 over the next few years.