Bitmine Immersion Technologies reported today, April 6, 2026, that it acquired 71,252 Ether (ETH) in the last week. With this new acquisition, the company’s total holdings of the cryptocurrency Ethereum reached 4,803,334 units. This means that for every 100 ETH in existence, the company owns approximately 4 units.
The transaction stands out as the “largest weekly purchase amount since the week of December 22, 2025,” with the company stating: Listed company with the largest amount of Ether in the Treasury.
The ETH accumulation strategy valued Bitmine’s holdings at $10.39 billion.
A company’s financial growth directly affects the global supply of assets. at the moment, ETH holdings account for 3.98% of the total circulating supply 120.7 million ETH. The numbers show that Bitmine is more than 79% of the way towards its goal of owning 5% of the ETH supply, which aims to centralize a significant part of the network in the hands of the company led by Tom Lee.
Bitmine uses Ethereum staking
To maximize the value of these assets, Bitmine uses Ethereum staking. The process consists of depositing ETH into a specific contract on the network that acts as a transaction validator in exchange for regular rewards denominated in the same cryptocurrency.
Revenue generation strategies are supported by proprietary technology. Bitmine deposited 3,334,637 ETH worth $7.1 billion into MAVAN (Made in America Validator Network). It is an institutional-grade Ethereum staking platform that was launched on March 25, 2026, as reported by CriptoNoticias.
This system generates a return of 2.78% per annum, ensuring that your capital never remains static. According to the company’s data, Current annual staking revenue is $196 million.
Tom Lee, president of Bitmine and founder of Fundstrat, an independent research firm that provides market analysis and investment strategies to institutional investors. Defended this aggressive buying stance despite the volatile situation global.
In a statement released today, April 6, Mr. Lee explained that “the war is putting downward pressure on global markets,” but emphasized that “it is impressive that ETH is one of the few cryptocurrencies that has experienced absolute appreciation.” For management, this action bodes well for the future of the asset.
The company is confident that “ETH’s leadership will strengthen investors and attract capital over time.” Based on this premise, they have maintained an increasing pace of ETH purchases over the past four weeks. This directive ensures that the base case for ETH is in the final stages of a “mini-crypto winter” (a term used to describe a period of stagnation or decline in crypto prices).
Bitmine’s massive accumulation is occurring at a time when Ether’s price is far from previous records. ETH is currently trading at $2,167, 56% below its all-time high of $4,900 reached in August 2025. Although the cryptocurrency is well below its all-time high (ATH), the company interprets this gap as a strategic, long-term positioning opportunity.
(Tag translation) Altcoin
