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

- Bitmine’s latest ETH purchase brings its holdings to nearly 5 million, advancing toward a 5% share of Ethereum’s circulating supply - Acquisition underscores aggressive growth after NYSE uplisting and expansion of staking operations On April 20, 2026, Cointelegraph reported that Bitmine Immersion Technologies purchased 101,627 ETH between April 13 and 19. This acquisition brought its total Ether holdings to 4,976,485 ETH, or about 4.12% of Ethereum’s circulating supply, and marked Bitmine’s largest Ether purchase since December 2025. As a result, the company is now about 82% of the way toward its stated goal of holding 5% of ETH’s supply. The purchase highlights Bitmine’s continued momentum following its uplisting to the New York Stock Exchange, and the company has also rapidly expanded into staking via its MAVAN platform. Bitmine now stakes 3.33 million ETH, generating more than $200 million in annualized revenue, which underscores the scale of its staking operations. Chairman Tom Lee emphasized Bitmine’s strategic approach and maintains a bullish outlook on Ethereum despite ongoing market volatility, which he referred to as a “mini-crypto winter.” As of 16:08 UTC on April 20, 2026, Ethereum (ETH) is trading at $2,310.43, with a -0.79% change in 24-hour trading volume, according to market data.