Bitmine Buys 101,627 ETH, Nears 5% Supply Milestone

• Bitmine adds 101,627 ETH in a week, boosting holdings to over 4% of Ethereum’s supply
• Acquisition follows NYSE uplisting, share buyback, and expanded institutional staking

On April 20, 2026 (UTC), CoinDesk reported that Bitmine Immersion Technologies purchased 101,627 Ether (ETH) between April 13 and 19, increasing its treasury to 4,976,485 ETH, or roughly 4.12% of Ethereum’s circulating supply. The company disclosed the acquisition in a Form 8-K filed with the US Securities and Exchange Commission the same day. This is Bitmine’s largest single Ether purchase since December 2025 and moves the company 82% toward its goal of holding 5% of the entire ETH supply.

The latest purchase coincides with Bitmine’s recent strategic moves in public markets. After uplisting to the New York Stock Exchange, Bitmine extended its $4 billion share buyback program, signaling strong growth ambitions, according to Cointelegraph.

Bitmine also accelerated its role in Ethereum staking, growing institutional activities through its MAVAN platform. The firm now has 3.33 million ETH staked, yielding over $200 million in annualized staking revenue and establishing Bitmine as a dominant player in Ethereum’s staking ecosystem.

Despite what executives have called a “mini-crypto winter,” Bitmine increased its accumulation pace, reinforcing confidence in Ethereum’s long-term value. Company filings state Bitmine’s crypto and cash reserves are $12.9 billion, with 199 BTC and significant interests in digital assets and infrastructure projects.

During Paris Blockchain Week, Chairman Tom Lee described the current market slump as temporary and expressed confidence in ETH’s long-term appreciation.

As of April 20, 2026, 15:08 UTC, Ethereum (ETH) is trading at $2,281.68, down 2.36% in 24-hour trading volume, according to CoinMarketCap.