As of April 12, 2026, at 3:30 PM ET, Bitmine reports substantial holdings in cryptocurrency, including 4,874,858 ETH valued at $2,206 each, 198 Bitcoin (BTC), and significant investments in external companies such as a $200 million stake in Beast Industries and an $85 million stake in Eightco Holdings (NASDAQ: ORBS). The company also maintains a cash reserve of $719 million. Notably, Bitmine’s Ethereum holdings represent approximately 4.04% of the total ETH supply, which currently sits at 120.7 million ETH.
The ongoing conflict in Iran, entering its seventh week, has been cited as the primary driver of fluctuations in global markets. According to Thomas “Tom” Lee, Chairman of Bitmine, Ethereum (ETH) has emerged as the top-performing asset since the conflict began, showing a notable 17.4% increase, significantly outperforming the S&P 500 by 1,830 basis points. Additionally, Lee points out that ETH has surpassed gold as a store of value by a margin of 2,743 basis points, further solidifying its status during wartime conditions.
Lee indicated that Bitmine has sustained a vigorous acquisition strategy, maintaining an increased pace of ETH purchases over the previous four weeks, culminating in the acquisition of 71,524 ETH in the past week – the most significant weekly purchase since December 2025. This aggressive investment strategy aligns with their view that ETH may be nearing the end of the “mini-crypto winter.”
In related developments, Bitmine launched the MAVAN (Made in American VAlidator Network), an institutional-grade staking platform initially designed to support Bitmine’s own Ethereum treasury. MAVAN aims to provide a top-tier staking infrastructure for institutional investors and custodians, with a portion of Bitmine’s ETH already staked on the platform. As of April 13, 2026, Bitmine’s total staked ETH amounts to 3,334,637, equating to approximately $7.4 billion at the current ETH price. This positions Bitmine as a leader in ETH staking globally, with projected annual staking rewards of $310 million based on a 2.89% yield.
Lee noted that Bitmine’s staking operations are generating annualized revenues of $212 million, with 3.3 million ETH representing about 68% of the company’s total Ethereum holdings. The CESR (Composite Ethereum Staking Rate), as reported by Quatrefoil, stands at 2.73%, while Bitmine’s operations have achieved a seven-day yield of 2.89%.
Currently, Bitmine holds the title of having the largest Ethereum treasury globally, with a comparative standing as the second largest treasury after Strategy Inc. (NASDAQ: MSTR), which holds 766,970 BTC valued at $54.5 billion. Furthermore, Bitmine is recognized as one of the most actively traded stocks in the U.S., with an average daily dollar volume of $747 million, ranking 117th among 5,704 U.S.-listed stocks.
The transformative potential of regulatory developments like the GENIUS Act and the SEC’s Project Crypto has been likened to the impact of the U.S. decision in 1971 to sever the dollar from the gold standard, a move that fundamentally reshaped Wall Street and investment landscapes. As executives at Bitmine continue to navigate the rapidly evolving financial environment, they emphasize their commitment to ETH as a primary treasury reserve, employing innovative strategies such as staking and decentralized finance to maximize their digital asset portfolio.
For ongoing updates, investors and interested parties are encouraged to follow Bitmine’s communications through their website and social media platforms.
