Bitmine’s Ethereum Holdings Reach Record 5 Million Tokens–CEO’s Bullish Outlook
Bitmine Immersion Technologies, the second-largest public crypto holding firm, offered an in depth replace on its Ethereum (ETH) technique on Monday, together with broader figures overlaying its crypto portfolio, together with complete holdings and so-called “moonshots.”
The firm stated its mixed crypto-related positions now attain $13.3 billion, whereas the important thing focus for buyers stays its Ethereum accumulation, which it says has hit a brand new high.
Bitmine Targets 5% Of Ethereum Supply
According to Bitmine’s disclosure, its ETH holdings have reached a document 5,078,386 tokens at $2,369 per ETH. Thomas Lee, the corporate’s Chairman, emphasised that the milestone was reached throughout the previous week, noting that Bitmine “crossed 5 million this previous week.”
He framed it as an essential step towards a longer-term goal: buying 5% of the Ethereum provide. In his remarks, Lee stated the pace of accumulation has been “astonishing,” with Bitmine reaching the 5 million mark in roughly 10 months.
Lee additionally pointed to analysis that helps the thought of Ethereum as a “retailer of worth.” He cited current experiences, together with a research by Etherealize, arguing that ETH might more and more be held as collateral as digital property develop into extra concerned in monetary transactions.
In his view, Ethereum’s current efficiency because the Iran War started has helped exhibit that function. Lee claimed ETH has outperformed the S&P 500 by 1,696 foundation factors because the battle began, and he added that Ethereum stays the only best-performing asset in the world, apart from crude oil costs.
He argued this dynamic reinforces the thought of ETH as a very resilient asset in “war-time,” portraying it as each significant and distinctive relative to different holdings.
Beyond valuation and efficiency, Lee related Ethereum’s momentum to 2 bigger traits. He stated Ethereum advantages from Wall Street tokenizing exercise on the blockchain, and in addition from the rise of agentic synthetic intelligence (AI) methods that, in his framing, more and more require public and impartial blockchains.
Highest Purchase Pace Since December
On the buying and selling tempo itself, Lee stated Bitmine has maintained an elevated price of ETH purchases over every of the previous 4 weeks, describing this as proof of an ongoing accumulation technique even amid altering market situations.
He stated that in the latest week, the corporate purchased 101,901 Ethereum, calling it the best tempo of buys because the week of December 15, 2025. Lee additionally linked the shopping for technique to what he known as (*5*), stating that ETH is within the last levels of a “mini-crypto winter.”
The firm additionally detailed its staking place. As of April 26, 2026, Bitmine reported that its complete staked ETH stands at 3,701,589 tokens, which it valued at $8.8 billion utilizing the $2,369 per ETH value. In addition to that determine, Bitmine stated its annualized staking revenues are actually $264 million.
At the time of writing, Ethereum was buying and selling at $2,292. Despite bettering market situations, it retraced 3% on Monday after failing to surpass the $2,400 resistance degree.
Featured picture from OpenArt, chart from TradingView.com
