Breaking: BitMine Makes Biggest ETH Purchase of The Year As BMNR Stock Price Recovers

Ethereum DAT company Bitmine Immersion Technologies, Inc. reported total crypto, cash, and “moonshot” holdings of $11.4 billion today. The company confirmed 3,334,637 staked ETH worth $7.1 billion while expanding its MAVAN staking platform. Chairman Tom Lee said Bitmine now controls 3.98% of Ethereum supply as accumulation and infrastructure growth continue.

Bitmine’s ETH Holdings Reaches Nearly 4% of Ethereum Supply

As per today’s release, Bitmine acquired 71,252 ETH in the past week. This is its fastest weekly pace since December 22, 2025, and the biggest of the year 2026. According to Tom Lee, the firm has sustained elevated buying activity for four consecutive weeks.

As a result, total holdings reached 4,803,334 ETH valued at $2,123 per token. This equals about 3.98% of Ethereum’s total circulating supply. The company said this moves it over 79% toward its “Alchemy of 5%” target.

Meanwhile, Bitmine reported total holdings of $11.4 billion, including $864 million in cash. The firm also holds a $200 million stake in Beast Industries. Additionally, it maintains a $92 million position in Eightco Holdings as part of its “moonshots” portfolio.

Bitmine also disclosed exposure through ORBS equity. The company said this offers investors access linked to OpenAI-related developments. These allocations form part of its broader treasury structure.

Also, MAVAN continues to expand as Bitmine’s core staking infrastructure. The platform supports institutional-grade Ethereum staking with a focus on performance and resilience. A portion of Bitmine’s ETH already operates within this system.

Bitmine ETH Staking Surges to New Highs

Alongside accumulation, Bitmine continues scaling its staking operations. As of April 6, 2026, total staked ETH is at 3,334,637. This equals about $7.1 billion based on current pricing.

Lee said Bitmine has staked more Ethereum than any other entity globally. About 69% of total ETH holdings are now staked. Annualized staking revenue currently stands at $196 million.

However, projected rewards could reach $282 million annually at full scale. This estimate uses a 2.78% seven-day BMNR yield. Meanwhile, the Composite Ethereum Staking Rate is at 2.74%.

Lee also addressed broader market conditions linked to the U.S.-Iran war. He said ETH has outperformed equities by 1,130 basis points. In contrast, gold has lagged ETH by 1,840 basis points. At the time of writing, Ethereum was trading at $2,145, up by 5.75% in the past 24 hours.

Source: TradingView

He added that rising oil prices continue pressuring equities and crypto prices. However, ETH remains one of the few assets posting gains during this period. Lee also noted growing demand tied to tokenization and AI systems.

Within the broader crypto treasury sector, Bitmine ranks as the largest Ethereum treasury globally. It is second to Michael Saylor’s Strategy Inc., which announced they added 4,871 BTC among global crypto treasuries

BMNR Stock Recovers Ahead of NYSE Listing

Bitmine confirmed approval to uplist to the New York Stock Exchange. Trading on NYSE American will end after market close on April 8, 2026. BMNR will begin trading on the NYSE on April 9 under the same ticker. Another reason for this positive price action is progress towards CLARITY ACT markup. 

Additionally, Bitmine stated BMNR is one of the most traded crypto stocks in the U.S. Following today’s disclosure, BMNR stock showed recovery, trading at $20.32, up by 4.52% or $0.88. 

Source: TradingView

This follows a friday close of $19.45. BMNR stock has a yearly range between $3.20 and $161.00. Market cap is at $8.86 billion. Average trading volume is around 46.79 million shares.