- The company is chaired by Tom Lee Bitmine continues to buy cryptocurrency Ethereum.
- From March 30 to April 5, the organization acquired additional 71,252 ETH.
- Now its balance sheet holds almost 4% of the total altcoin supply.
Bitmine purchased 71,252 ETH over the past week, marking its highest weekly purchase since December 22, 2025.
As of April 5, the company held 4,803,334 ETH worth $2123 per token, 198 bitcoins, a $200 million stake in Beast Industries, and $92 million in Eightco Holdings. The organization’s total cash holdings amounted to $864 million.
ETH holdings have reached 3,98% of the total circulating supply of 120,7 million tokens, bringing Bitmine closer to its stated goal of holding 5% of the total ETH supply.
Now Strategy Inc, having With 766,970 BTC, worth approximately $53,2 billion, Bitmine ranks first among cryptocurrency holding companies. Bitmine ranks second globally and first by ETH holdings.
Bitmine Chairman Tom Lee said ETH has become the company’s second-best performing asset since the war with Iran began, gaining 6,8% and outperforming the S&P 500 by 1130 basis points.
The fact that ETH outperformed gold by 1840 basis points demonstrates that ETH is a store of value in a war-torn environment, said Lee.
Bitmine doesn’t just accumulate Altcoyin number one, but also makes money from it. Last week, the organization sent staking 3,334,637 ETH worth $7,1 billion through its institutional staking platform, MAVAN (Made in America VAlidator Network). The platform will evolve to serve institutional investors, custodians, and ecosystem partners.
The annual staking revenue currently stands at $196 million. Overall, Bitmine forecasts annual rewards for staking in the amount of $282 million.
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