Bitmine’s Ethereum Holdings Reach Record 5 Million Tokens–CEO’s Bullish Outlook
Bitmine Immersion Applied sciences, the second-largest public crypto holding firm, offered an in depth replace on its Ethereum (ETH) technique on Monday, together with broader figures masking its crypto portfolio, together with whole holdings and so-called “moonshots.”
The corporate 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 excessive.
Bitmine Targets 5% Of Ethereum Provide
According to Bitmine’s disclosure, its ETH holdings have reached a file 5,078,386 tokens at $2,369 per ETH. Thomas Lee, the corporate’s Chairman, emphasised that the milestone was reached through the previous week, noting that Bitmine “crossed 5 million this previous week.”
He framed it as an vital 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.
Associated Studying
Lee additionally pointed to analysis that helps the thought of Ethereum as a “retailer of worth.” He cited latest studies, together with a research by Etherealize, arguing that ETH may more and more be held as collateral as digital property turn into extra concerned in monetary transactions.
In his view, Ethereum’s latest efficiency for the reason that Iran Conflict started has helped reveal that position. Lee claimed ETH has outperformed the S&P 500 by 1,696 foundation factors for the reason that battle began, and he added that Ethereum stays the only best-performing asset on this planet, except for 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.
Past valuation and efficiency, Lee related Ethereum’s momentum to 2 bigger traits. He stated Ethereum advantages from Wall Road tokenizing exercise on the blockchain, and likewise from the rise of agentic synthetic intelligence (AI) programs that, in his framing, more and more require public and impartial blockchains.
Highest Buy Tempo Since December
On the buying and selling tempo itself, Lee stated Bitmine has maintained an elevated charge of ETH purchases over every of the previous 4 weeks, describing this as proof of an ongoing accumulation technique even amid altering market circumstances.
He stated that in the newest week, the corporate purchased 101,901 Ethereum, calling it the best tempo of buys for the reason that week of December 15, 2025. Lee additionally linked the shopping for technique to what he known as Bitmine’s base case, stating that ETH is within the last phases of a “mini-crypto winter.”
Associated Studying
The corporate additionally detailed its staking place. As of April 26, 2026, Bitmine reported that its whole staked ETH stands at 3,701,589 tokens, which it valued at $8.8 billion utilizing the $2,369 per ETH worth. Along with that determine, Bitmine stated its annualized staking revenues are actually $264 million.
On the time of writing, Ethereum was buying and selling at $2,292. Regardless of enhancing market circumstances, it retraced 3% on Monday after failing to surpass the $2,400 resistance stage.
Featured picture from OpenArt, chart from TradingView.com
