PiCK

BitMine Buys 101,901 More Ether, Lifting Holdings Above 5.07 Million ETH

Source

Minseung Kang

Summary

BitMine said it bought an additional 101,901 Ether (ETH) over the past week, bringing its total holdings to 5,078,386 tokens.
The company said its crypto, cash and strategic investment assets currently total $13.3 billion, with its 5.07 million ETH valued at about $12 billion.
The company said the annualized return on its currently staked 3,701,589 ETH is 3.033%%, and annual rewards could rise to about $363 million if all of its holdings are staked.

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BitMine, the world’s largest corporate holder of Ether, bought 101,901 ETH over the past week, raising its total holdings to 5,078,386 ETH. That amounts to 4.21% of Ether’s circulating supply of 120.7 million tokens.

According to a PR Newswire release on April 27, the company held 5,078,386 ETH as of April 26. At an Ether price of $2,369, the stake was worth about $12 billion.

BitMine’s crypto, cash and strategic investment assets totaled $13.3 billion. The holdings include 5.07 million ETH, 200 Bitcoin, $940 million in cash, a $200 million stake in Beast Industries and a $91 million stake in Aethir Holdings (ORBS).

The company has staked 3,701,589 ETH, worth about $8.8 billion at $2,369 per token. That accounts for about 73% of its total holdings. Its annualized seven-day staking yield was 3.033%, with annual staking income estimated at about $264 million. If all of its ETH were staked, annual rewards could increase to about $363 million.

BitMine recently launched Made in America Validator Network, or MAVAN, an institutional staking platform. Some of its ETH is being staked through that platform.

Chairman Tom Lee said BitMine’s Ether holdings surpassed 5 million tokens last week. Reaching 5 million ETH in 10 months marked an unusually fast pace of accumulation, he added. Since the Iran war, Ether has outperformed the S&P 500 by 1,696 basis points and, excluding crude oil, has been the best-performing asset globally, Lee said.

Lee also said recent studies show Ether is strengthening its role as a store of value used as collateral. Wall Street’s broader push into blockchain tokenization and the structural need for public, neutral blockchains to support agentic AI are also benefiting Ether, he added.

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