Bitmine bought 100,000 ETH last week, with total holdings approaching 5 million! Tom Lee: ETH is the "best wartime asset"

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Ethereum whales are accelerating their accumulation! Bitmine (BMNR), the world's largest ETH reserve company that recently transferred to the NYSE, announced in its latest filing that it swept up 101,627 ETH last week, marking its largest increase in nearly four months. Bitmine Chairman and renowned Wall Street analyst Tom Lee boldly declared that the "mini-crypto winter" is coming to an end, pointing out that driven by AI demand and the wave of tokenization, Ethereum has become the best "wartime store of value asset" amidst the current turmoil. (Previous coverage: Tom Lee boldly declares the end of the "mini-crypto winter"! Ethereum eyes $60k, Bitmine continues buying despite $3.8 billion loss) (Background supplement: Bitmine transfers to the NYSE main board! Holding 4.8 million ETH, simultaneously increasing stock buybacks by $4 billion) The world's largest institutional holder of Ethereum (ETH) is accelerating its position building at an unprecedented pace! Bitmine Immersion Technologies (NYSE: BMNR), which focuses on long-term cryptocurrency investment, released its latest asset announcement on the 20th (ET). Data shows that the company's total scale of "crypto assets + cash + moonshot project investments" has reached $12.9 billion. The most eye-catching figure in this announcement is that Bitmine purchased 101,627 ETH in a single week. This is not only the fourth consecutive week the company has accelerated its buying pace, but also its highest single-week purchase record since mid-December 2025. As of April 19, 2026, Bitmine's total ETH holdings have reached a staggering 4,976,485 coins (calculated at a unit price of $2,301), controlling 4.12% of the total Ethereum supply, achieving 82% of its stated "Alchemy of 5%" goal. On the list of corporate crypto reserves, Bitmine firmly holds the position of the world's largest ETH treasury, with an overall scale second only to Strategy Inc. (MSTR), which holds Bitcoin. Regarding this massive accumulation, Bitmine Chairman and renowned Wall Street analyst Thomas “Tom” Lee provided an extremely optimistic macroeconomic and fundamental assessment. "We are seeing more and more signs that the 'mini-crypto winter' is coming to an end," Tom Lee noted. As the downside tail risk of the US-Iran war gradually fades, Ethereum has rebounded 41% from its early February lows. Even more impressively, since the conflict broke out, ETH has outperformed the S&P 500 index by 22.8% (2,280 basis points), making it the best-performing asset globally, aside from crude oil. Tom Lee further explained the underlying logic for the heavy position in Ethereum: "Ethereum continues to benefit from two major tailwinds: Wall Street 'tokenizing' assets on the blockchain, and the increasing need for public and neutral blockchains by Agentic AI systems. In our view, it is highly significant that ETH has become the best 'wartime store of value asset' and has led the market during the war." He added that historically, every crypto winter has been accompanied by a stock market pullback of at least 20%; however, the 2026 stock market decline has been relatively mild (only about -8%), which supports their "base case" that the winter is nearing its end. This is also the core reason why Bitmine decided to aggressively increase its position over the past four weeks. Beyond simple buy-and-hold, Bitmine is also maximizing asset efficiency through its institutional-grade staking platform, MAVAN. Currently, Bitmine has staked approximately 67% of its Ethereum (3,334,637 ETH, valued at approximately $7.7 billion), making it the single entity with the most staked ETH globally. With an annualized yield of 2.88%, this massive staked position currently generates up to $221 million in annual staking revenue for the company, demonstrating Ethereum's unique advantage as an "interest-bearing asset" compared to Bitcoin. Driven by strong capital and a clear strategy, Bitmine continues to consolidate its dominance at the intersection of Wall Street and Web3.

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