BitMine Accelerates ETH Accumulation — The Big Game of Institutional Whales

BitMine Immersion Technologies is expanding its ETH holdings at an unprecedented pace. On April 13, the company announced that it added 71,524 ETH in a single week, setting the largest weekly purchase record since December 2025. As of April 12, 2026, BitMine’s total ETH holdings have reached approximately 4.87 million ETH (about 4.04% of Ethereum’s circulating supply), and its total crypto assets and cash amount to roughly $11.8 billion.

The strategic core of BitMine is to transform passive reserves into interest-bearing assets by holding and staking ETH at large scale. The company’s MAVAN validator network has currently staked about 3.33 million ETH (about 68% of its holdings). Estimated with a current seven-day annualized yield of approximately 2.89%, the staking business’s annualized revenue is about $212 million. The company has set an internal goal called “Alchemy of 5%,” planning to hold 5% of the total ETH supply through continuous acquisitions and validator expansion.

BitMine’s frenzied coin hoarding is seen as a bet that Ethereum will serve as the next-generation financial infrastructure. Its balance-sheet-driven compounding growth model has become an industry benchmark, but it also faces the core risks of ETH price volatility and regulatory uncertainty.#Gate广场四月发帖挑战