American company Bitmine Immersion Technologies completed the purchase of 101,901 units of cryptocurrency last week, reaching the Ether (ETH) figure on its balance sheet.
As reported by BitMine President Thomas Lee on April 27, 2026, this move represents “the highest purchase rate recorded by the company since the week of December 15, 2025.” This allows the company to remain the largest Ether holder among publicly traded companies.
Bitmine’s current holdings These already account for 4.21% of the total supply of Ether amounting to approximately 120.7 million units..
The company managed to accumulate these 5 million ETH in just 10 months. Lee called this progress a fundamental step toward the organization’s ultimate goal. Owns 5% of total network traffic.
Bitmine’s investment strategy stems from a specific view of the market. Mr. Lee asserts the following theory. The sector is in the final stages of a “mini-crypto winter”. Under this premise, the company decided to accelerate its purchases in the past four weeks in order to take advantage of the possibility of a medium-term price recovery.
Beyond simple ownership, Bitmine actively uses these assets to generate income through staking. Currently, the company has 3,701,589 ETH locked in this process.
To manage these funds internally, the company uses a proprietary technology infrastructure called MAVAN (Made in America Validator Network). As reported by CriptoNoticias, the educational platform was launched in March 2026. Its main objective is to avoid dependence on third-party services for the protection and operation of digital assets and to provide professional data verification services under high security standards.
(Tag to translate) Cryptocurrency
