Hot! Bitmine swept up another 100,000 ETH last week, with total holdings exceeding 5 million ETH, controlling 4.2% of the total circulating supply.

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Ethereum's largest corporate whale continues its wild run! Bitmine Immersion Technologies (BMNR) released its latest announcement, declaring that it has aggressively added over 100,000 ETH to its holdings over the past week, pushing its total holdings past the unprecedented 5-million-mark and capturing 4.21% of the total Ethereum supply. (Previous coverage: Ethereum Foundation OTC dumped 10,000 ETH to Bitmine! Exchanged for $23.87 million in operating funds) (Background: Bitmine re-staked 75,600 ETH! Total ETH holdings approach 5 million, sweeping 4.12% of the network's supply) While Bitcoin has the backing of MicroStrategy's aggressive coin hoarding, the Ethereum ecosystem has its own corporate "super whale." Originally a Bitcoin mining company, Bitmine Immersion Technologies (Ticker: BMNR) officially upgraded to the New York Stock Exchange (NYSE) main board on April 9. Today (27th), it released its latest asset report, announcing that it has aggressively added over 100,000 ETH over the past week, pushing its total holdings past the unprecedented 5-million-mark and capturing 4.21% of the total Ethereum supply. The report indicates that Bitmine carried out its largest single-week purchase in recent history, adding over 101,000 ETH in one go. This strong buying pressure brought the company's total Ethereum holdings to an unprecedented 5,078,386 ETH (valued at approximately $12 billion, calculated at $2,369 per ETH). Currently, the Ethereum held by Bitmine accounts for 4.21% of the total network supply (120.7 million). This means the company has achieved 84% of its core strategy, "Alchemy of 5%" (dedicated to accumulating 5% of the total ETH supply), and reached the 5-million-mark milestone in just 10 months, becoming the second-largest publicly traded digital asset reserve company in the world, trailing only MicroStrategy (which holds BTC). In addition to spot accumulation, Bitmine is actively utilizing Ethereum's native protocols to generate yield. The company has launched its own institutional-grade Ethereum staking platform, MAVAN (Made in America Validator Network). Currently, Bitmine has staked 3,701,589 ETH (approximately 73% of its total holdings, valued at $8.8 billion). Based on the current annualized return rate of approximately 3.033%, it is expected to generate up to $363 million in passive income for the company annually once fully staked. Taking stock of its balance sheet, the total scale of Bitmine's cryptocurrency, cash, and other "Moonshots" investments has reached as high as $13.3 billion. Beyond its massive ETH holdings, its treasury also includes $940 million in cash, 200 BTC, as well as $200 million in Beast Industries shares and $91 million in Eightco (related to OpenAI) shares, demonstrating extremely strong capital backing. Regarding Ethereum's recent market performance, Bitmine Chairman Thomas “Tom” Lee gave a very high appraisal. He emphasized that following the recent geopolitical conflict in Iran, ETH significantly outperformed the S&P 500, proving that Ethereum is gradually being viewed by the market as a high-quality asset that serves as a "wartime store of value." Tom Lee further pointed out that as Wall Street accelerates the tokenization of real-world assets (RWA), coupled with the strong demand from AI agent systems for neutral settlement public chains, the underlying value of Ethereum will continue to explode.

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