Bitmine Buys 101,745 More Ether in a Week, Holdings Top 5.18 Million

Bitmine, the world’s largest corporate holder of Ether, bought another 101,745 ETH over the past week, raising its total holdings to 5,180,131 ETH. That equals 4.29% of Ether’s circulating supply of 120.7 million tokens.

A PR Newswire release on May 4 said Bitmine held 5,180,131 ETH as of May 3. At an Ether price of $2,336, the position was valued at about $12.1 billion.

Bitmine’s crypto, cash and strategic investment assets totaled $13.1 billion. Those holdings include 5.18 million ETH, 200 Bitcoin, $700 million in cash, a $200 million stake in Beast Industries and an $83 million stake in Aethco Holdings.

The company has staked 4,362,757 ETH, worth about $10.2 billion at $2,336 per token. That accounts for more than 84% of its total holdings. Based on a seven-day annualized yield of 2.91%, annual staking income is estimated at about $297 million. If all of its ETH were staked, annual rewards would be about $352 million, the company said.

Chairman Tom Lee said the U.S. Senate has released a compromise version of the CLARITY Act, a crypto market-structure bill, that would prohibit interest payments on reserves while allowing activity-based rewards. He put the odds of passage in 2026 at more than 60%.

"Crypto Spring has begun," Lee said. Prices are rising as in past cycles, but investor sentiment remains bearish. Ether is benefiting from two tailwinds: Wall Street’s expanding tokenization push and demand from agentic AI systems.

Lee added that ETH has outperformed the S&P 500 by 1,380 basis points since the Iran war and, excluding crude oil, has been one of the world’s best-performing assets.

Bitmine said it has maintained its accelerated buying pace over the past four weeks and has reached 86% of its goal of securing 5% of total ETH supply.