Gate News message, April 20 — Bitmine acquired 101,627 ETH in the past week, marking the highest weekly purchase pace since the week of December 15, 2025. The acquisition brought Bitmine’s total Ethereum holdings to 4,976,485 ETH, valued at approximately $11.45 billion at $2,301 per ETH, reaching 82% of its stated goal of owning 5% of the total ETH supply.

Bitmine’s total ETH holdings now account for 4.12% of the circulating ETH supply of 120.7 million tokens. To reach its 5% accumulation target, known as the “Alchemy of 5%,” the company needs approximately 247,000 additional ETH. Bitmine has staked 3,334,637 ETH, valued at $7.7 billion, making it the world’s largest ETH staker by volume. Annualized staking revenues currently stand at $221 million. The company recently launched MAVAN, the Made in America Validator Network, an institutional-grade staking platform initially developed to support Bitmine’s Ethereum treasury, with plans to expand services to institutional investors and ecosystem partners. At full scale, projected annual staking rewards are estimated to reach $330 million based on a 2.88% seven-day yield.

Bitmine Chairman Tom Lee stated that the latest ETH purchase aligns with the company’s view that the current crypto cycle is in its final stages. He noted that ETH has risen 41% from its early February lows and has outperformed the S&P 500 (U.S. benchmark equity index) by 2,280 basis points since the US-Iran war began. As of April 19, Bitmine’s overall holdings include 4,976,485 ETH, 199 Bitcoin, a $200 million stake in Beast Industries, and a $107 million stake in Eightco Holdings, with total cash of $1.12 billion. The combined value of crypto holdings, cash, and strategic stakes reaches $12.9 billion, making Bitmine the world’s largest Ethereum treasury and the second largest global crypto treasury overall.

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