{"id":42209,"date":"2026-04-28T06:00:22","date_gmt":"2026-04-28T06:00:22","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=42209"},"modified":"2026-04-28T06:00:22","modified_gmt":"2026-04-28T06:00:22","slug":"bitmines-ethereum-holdings-reach-record-5-million-tokens-ceos-bullish-outlook","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=42209","title":{"rendered":"Bitmine\u2019s Ethereum Holdings Reach Record 5 Million Tokens\u2013CEO\u2019s Bullish Outlook"},"content":{"rendered":"

Bitmine Immersion Technologies, the second-largest public crypto holding company, provided a detailed update on its Ethereum (ETH) strategy on Monday, along with broader figures covering its crypto portfolio, including total holdings and so-called \u201cmoonshots.\u201d\u00a0<\/p>\n

The company said its combined crypto-related positions now reach $13.3 billion, while the key focus for investors remains its Ethereum accumulation, which it says has hit a new high.<\/p>\n

Bitmine Targets 5% Of Ethereum Supply<\/h2>\n

According <\/a>to Bitmine\u2019s disclosure, its ETH holdings have reached a record 5,078,386 tokens at $2,369 per ETH. Thomas Lee, the company\u2019s Chairman, emphasized that the milestone was reached during the past week, noting that Bitmine \u201ccrossed 5 million this past week.\u201d\u00a0<\/p>\n

He framed it as an important step toward a longer-term objective: acquiring 5% of the Ethereum supply. In his remarks, Lee said the speed of accumulation has been \u201castonishing,\u201d with Bitmine reaching the 5 million mark in roughly 10 months.<\/p>\n

Lee also pointed to research that supports the idea of Ethereum as a \u201cstore of value.\u201d He cited recent reports, including a study by Etherealize, arguing that ETH <\/a>could increasingly be held as collateral as digital assets become more involved in financial transactions.\u00a0<\/p>\n

In his view, Ethereum\u2019s recent performance since the Iran War began has helped demonstrate that role. Lee claimed ETH has outperformed the S&P 500 by 1,696 basis points since the war started, and he added that Ethereum remains the single best-performing asset in the world<\/a>, aside from crude oil prices.\u00a0<\/p>\n

He argued this dynamic reinforces the idea of ETH as a particularly resilient asset in \u201cwar-time,\u201d portraying it as both meaningful and distinctive relative to other holdings.<\/p>\n

Beyond valuation and performance, Lee connected Ethereum\u2019s momentum to two larger trends. He said Ethereum benefits from Wall Street tokenizing activity on the blockchain, and also from the rise of agentic artificial intelligence (AI) systems that, in his framing, increasingly require public and neutral blockchains.\u00a0<\/p>\n

Highest Purchase Pace Since December\u00a0<\/h2>\n

On the trading pace itself, Lee said Bitmine has maintained an increased rate of ETH purchases over each of the past four weeks, describing this as evidence of an ongoing accumulation strategy even amid changing market conditions.\u00a0<\/p>\n

He said that in the most recent week, the company bought 101,901 Ethereum, calling it the highest pace of buys since the week of December 15, 2025. Lee also linked the buying strategy to what he referred to as Bitmine\u2019s base case<\/a>, stating that ETH is in the final stages of a \u201cmini-crypto winter.\u201d<\/p>\n

The company also detailed its staking position. As of April 26, 2026, Bitmine reported that its total staked ETH stands at 3,701,589 tokens, which it valued at $8.8 billion using the $2,369 per ETH price. In addition to that figure, Bitmine said its annualized staking revenues are now $264 million.<\/p>\n

\"Ethereum\"<\/p>\n

At the time of writing, Ethereum was trading at $2,292. Despite improving market conditions, it retraced 3% on Monday after failing to surpass the $2,400 resistance level.\u00a0<\/p>\n

Featured image from OpenArt, chart from TradingView.com\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

Bitmine Immersion Technologies, the second-largest public crypto holding company, provided a detailed update on its Ethereum (ETH) strategy on Monday, along with broader figures covering its crypto portfolio, including total holdings and so-called \u201cmoonshots.\u201d\u00a0 The company said its combined crypto-related positions now reach $13.3 billion, while the key focus for investors remains its Ethereum accumulation, […]<\/p>\n","protected":false},"author":1,"featured_media":42210,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[47],"tags":[],"class_list":{"0":"post-42209","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ethereum"},"yoast_head":"\nBitmine\u2019s Ethereum Holdings Reach Record 5 Million Tokens\u2013CEO\u2019s Bullish Outlook - 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