--- title: "Bitmine Nears 5% Ethereum Supply With 4.8M ETH Holdings" date: 2026-04-06 author: "Kathleen Kinder" featured_image: "https://coinlaw.io/wp-content/uploads/2026/04/bitmine-announces-eth-holdings-reach-4-8m-tokens.jpg" categories: - name: "Cryptocurrency" url: "/crypto.md" tags: - name: "News" url: "/tag/news.md" --- # Bitmine Nears 5% Ethereum Supply With 4.8M ETH Holdings Bitmine Immersion Technologies is rapidly approaching control of 5 percent of Ethereum’s total supply as its holdings climb to 4.8 million ETH. ## Key Takeaways - Bitmine holds 4.8 million ETH, representing 3.98 percent of total Ethereum supply. - Total crypto, cash, and investments reach $11.4 billion. - Company set to uplift to the New York Stock Exchange on April 9, 2026. - Staking operations generate $196 million annually, with further upside expected. ## What Happened? Bitmine Immersion Technologies [announced](https://www.prnewswire.com/in/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-4-803-million-tokens-and-total-crypto-and-total-cash-holdings-of-11-4-billion-302734423.html) that its Ethereum holdings have reached **4,803,334 tokens**, bringing it closer to its ambitious goal of owning 5 percent of the total ETH supply. At the same time, the firm confirmed its upcoming move to the New York Stock Exchange, marking a major milestone in its growth. > LATEST: 💰 BitMine has bought 71,252 Ethereum this past week, bringing its total holdings to nearly 4% of ETH’s circulating supply. [pic.twitter.com/G3g2WuOdWH](https://t.co/G3g2WuOdWH) > > — CoinMarketCap (@CoinMarketCap) [April 6, 2026](https://twitter.com/CoinMarketCap/status/2041243344328622200?ref_src=twsrc%5Etfw) ## Bitmine Expands Ethereum Dominance Bitmine has solidified its position as the **[largest Ethereum treasury in the world](https://coinlaw.io/bitmine-ethereum-holdings-record/)**, now controlling nearly 4 percent of the total circulating supply of 120.7 million ETH. At current prices of $2,123 per ETH, the company’s Ethereum holdings are valued at approximately **$10.2 billion**. The firm’s broader balance sheet includes: - **198 [Bitcoin](https://coinlaw.io/bitcoin-statistics/) holdings**. - **$864 million in cash reserves**. - **$292 million in high risk strategic investments, including [stakes in Beast Industries](https://coinlaw.io/bitmine-invests-200m-mrbeast-empire/) and Eightco Holdings**. This brings Bitmine’s total crypto, cash, and investment portfolio to **$11.4 billion**, placing it among the largest digital asset treasury firms globally. ## Aggressive Buying Signals Strong ETH Conviction The company has accelerated its Ethereum accumulation strategy in recent weeks. Chairman Thomas “Tom” Lee stated: “ Bitmine has maintained the increased pace of ETH buys in each of the past four weeks, as our base case ETH is in the final stages of the ‘mini crypto winter.’ In the past week, we acquired 71,252 ETH which is the highest pace of buys since the week of December 22, 2025. Thomas “Tom” LeeChairman – Bitmine This aggressive buying reflects Bitmine’s long term belief in Ethereum’s growth, particularly as institutional adoption and blockchain based financial systems continue to expand. ## Staking Strategy Creates Recurring Revenue A key differentiator for Bitmine is its **large scale staking operation**, powered by its [institutional platform MAVAN](https://coinlaw.io/bitmine-mavan-ethereum-staking-platform-launch/). Currently, **3.33 million ETH is staked**, representing about 69 percent of its total holdings. This staked position is valued at **$7.1 billion** and generates: - **$196 million in annual staking revenue**. - **2.78 percent annualized yield, slightly above industry benchmarks.** The company expects this figure to rise to **$282 million annually** once all ETH holdings are fully deployed into staking. ## NYSE Uplisting Marks Major Milestone Bitmine also confirmed that its shares will begin trading on the **New York Stock Exchange on April 9, 2026**, transitioning from NYSE American while retaining the ticker BMNR. The move is expected to increase visibility and attract broader institutional participation. Already, Bitmine is among the **top 100 most traded stocks in the United States**, with daily trading volumes nearing $987 million. Its investor base includes major names such as ARK Invest, Founders Fund, Pantera, Galaxy Digital, and Kraken. ## Ethereum Positioned as a Market Outperformer Lee highlighted Ethereum’s recent performance amid geopolitical uncertainty, stating: “ ETH remains the second best performing asset since the start of the war, with a 6.8% gain and outperforming the S&P 500 by 1,130bp. And ETH beating gold by 1,840bp demonstrates ETH is the wartime store of value. Thomas “Tom” LeeChairman – Bitmine Despite broader market pressure, Ethereum has shown resilience, strengthening Bitmine’s conviction in its long term strategy. ## CoinLaw’s Takeaway I see this as one of the boldest institutional bets on Ethereum to date. Bitmine is not just holding ETH, it is building an entire financial engine around it through staking and aggressive accumulation. In my experience, when a company combines conviction with execution at this scale, it often reshapes how the market views that asset. I found the push toward owning **5 percent of supply** especially striking because it signals confidence that goes far beyond short term trading. Definition of Staking. Link to full glossary entry follows the description.**Staking**Staking is the process of locking cryptocurrency in a proof-of-stake network to help validate transactions and earn rewards, replacing energy-intensive mining. [Read more](https://coinlaw.io/glossary/staking/)