As of April 26, 2026, at 4:00 PM ET, Bitmine’s cryptocurrency portfolio has reached a significant milestone, holding 5,078,386 Ethereum (ETH) valued at $2,369 per ETH, along with 200 Bitcoin (BTC), and notable stakes in Beast Industries and Eightco Holdings. This substantial accumulation of Ethereum represents 4.21% of the total ETH supply, which stands at approximately 120.7 million ETH.
Chairman Thomas “Tom” Lee emphasized the importance of crossing the 5 million ETH threshold, marking a critical phase in Bitmine’s strategy to acquire up to 5% of the total ETH supply. The remarkable growth of Bitmine’s holdings was achieved within just ten months, an acceleration Lee attributes to strong market dynamics and Ethereum’s emerging role as a “store of value.” According to Lee, research from Etherealize supports this stance, indicating Ethereum’s potential to serve as collateral in financial transactions, particularly in light of its significant performance compared to traditional assets such as the S&P 500 since the onset of the Iran War.
The company has ramped up its ETH purchases over the past month, acquiring 101,901 ETH in just one week—the fastest acquisition rate since December 2025—reflecting confidence in a recovering crypto market. Bitmine also recently launched MAVAN, an institutional-grade staking platform, aiming to support not only its Ethereum treasury but also institutional clients seeking robust staking services. Currently, Bitmine has staked approximately 3,701,589 ETH, equating to around $8.8 billion at current ETH prices.
Lee pointed out that Bitmine leads the world in terms of staked ETH, which, when fully deployed through MAVAN and its partners, could yield approximately $363 million annually, based on current staking rates. As of now, the company has already recorded annualized staking revenues of $264 million, underscoring its dominance in the staking arena.
In addition to its impressive asset portfolio, Bitmine ranks as the largest Ethereum treasury globally and the second largest overall treasury, trailing only Strategy Inc., which holds substantial Bitcoin. The company is also one of the most actively traded stocks in the U.S., recording an average daily trading volume of $845 million, indicating strong investor interest.
Recent legislative measures, such as the GENIUS Act and SEC’s Project Crypto, are seen as transformative for the financial services sector, comparable to the historic shift in 1971 when the U.S. moved off the gold standard. These developments are expected to enhance market infrastructure and investment opportunities.
Bitmine’s comprehensive digital asset strategy aims to cement its position as a leading entity in the cryptocurrency ecosystem, focusing primarily on Ethereum. The company’s commitment to innovation and adaptation in the digital landscape reflects its goal of capitalizing on the growing integration of blockchain technology into financial systems.
To stay updated on Bitmine’s developments, stakeholders are encouraged to sign up through the company’s official communication channels. The full fiscal year 2025 earnings presentation and additional corporate insights can also be accessed online, providing further clarity on Bitmine’s roadmap and strategic goals.
