Bitmine Immersion Technologies gains over 71,000 and reaches an all-time high on Ethereum $ETH The number of shares held last week reached approximately 4.9 million shares. $ETH.
The company has continued accumulation This reinforces the theory that Ethereum’s liquid supply is being squeezed. The combination of aggressive buying and reduced circulating supply is seen as a long-term bullish signal for investors, especially as institutional investor attention and interest in Ethereum increases.
Bitmine said it holds 4,874,858 $ETH As of April 12, 2026, it is worth at least $2,206 per coin at the time of disclosure. This accounts for approximately 4.04% of Ethereum’s expected total supply of approximately 120.7 million yen. $ETH.
In addition to Ethereum, the company disclosed funding of 198 Bitcoin, $719 million in cash, and shares in Beast Industries and Eightco Holdings. The company said its combined cryptocurrency, cash and investment portfolio totals approximately $11.8 billion.
The most important update was the pace of accumulation. Bitmine earns approximately $71,524 $ETH The paper said the increase in purchases over the past four weeks is a “sign” of confidence that Ethereum may be emerging from what it calls a “mini-crypto winter.”
Bitmine’s rapid accumulation has made it one of the world’s largest holders of Ethereum and a dominant force in institutional crypto assets. Its status is now alongside the crypto balance sheets of the world’s most influential companies.
Large-scale staking reduces liquid supply and increases yields
In addition to buying Ethereum, Bitmine is also staking a significant portion of its assets. As of April 13, 2026, the company said 3,334,637. $ETHApproximately 68% of the shares held were invested.
Where it was reported $ETH Based on the pricing, the stake is worth about $7.4 billion. Staking is locked and removes the coin from active trading circulation. $ETH It cannot be sold freely. When large holders place large bets, the supply of goods available in the market decreases.
This could increase bullish enthusiasm, especially if demand increases and available inventory decreases. Bitmine reported that it currently generates $212 million in annual revenue from its overall staking operations.
The company projects that, assuming future yields, annual compensation could reach up to $310 million if paid in full. $ETH The stakes were completely high.
The 7-day staking yield was 2.89%, slightly higher than the overall Ethereum staking rate of 2.73%. To support this strategy, Bitmine created MAVAN (Made in America Validator Network), an institutional staking platform. The system was initially designed to manage Bitmine’s own Ethereum vaults, but is expected to expand to custodians, institutional investors, and partners.
part of the company $ETH is already staked using MAVAN. By combining accumulation and staking, Bitmine effectively removes millions of dollars $ETH Generates from circulation and yields.
A two-pronged approach – both supply reduction and revenue generation – is increasingly determining how large companies act with Ethereum as a treasury asset.
Institutional demand and macro context strengthen the Ethereum story
Bitmine’s leadership has tied its Ethereum strategy to broader market trends such as institutional adoption and blockchain-based financial infrastructure. The company highlighted the growing use of public blockchains through the tokenization of traditional assets and AI-driven systems as key drivers of Ethereum demand.
The company also noted Ethereum’s strong performance amid recent geopolitical uncertainty. According to Bitmine’s internal comparison: $ETH It has gained 17.4% since the start of the ongoing Iran conflict, outperforming both the S&P 500 and gold over the same period. While such comparisons depend on specific time frames, they reflect a growing awareness among some investors that Ethereum has the potential to serve as a digital store of value under certain conditions.
Bitmine’s financial size also ranks it as one of the world’s largest public companies holding cryptocurrencies. The company ranks second overall behind Strategy Inc., which reportedly holds more than 766,000 Bitcoins. However, Bitmine remains the largest known corporate holder of Ethereum.
Trading activity surrounding Bitmine stock has also increased. The company named it one of the most actively traded U.S.-listed stocks, citing data showing average daily trading volume of about $747 million over a five-day period. Increased liquidity in the stock market is likely to attract additional institutional investors seeking exposure to Ethereum through traditional markets.
Taken together, Bitmine’s continued accumulation and large-scale staking strengthens the supply-side narrative that many Ethereum investors are closely monitoring. If major holders continue to lock up $ETH While demand from institutional investors increases, the amount of liquid Ethereum available for trading may become even tighter.
