BULLISH 📈 : Bitmine amasses 5.08M ETH, targets 5% of supply
Bitmine says its Ethereum stack hit 5,078,386 tokens and total crypto-related holdings reached $13.3B. The company is pushing toward a goal to own 5% of ETH supply.
Headline: Bitmine lifts ETH to 5.078M, eyes 5% of supply, reports $13.3B in crypto and cash
Key numbers
- ETH holdings: 5,078,386 tokens at $2,369 per coin source
- Total crypto and cash: $13.3B source
- Weekly buys: 101,901 ETH last week, fastest since week of Dec 15, 2025 source
- Staked ETH: 3,701,589 tokens as of Apr 26, 2026; valued at $8.8B at $2,369; annualized staking revenue $264M source
Bitmine frames the 5.08M milestone as a step toward owning 5% of Ethereum (ETH)’s supply. “We crossed 5 million this past week,” said Chairman Thomas Lee, calling the accumulation pace “astonishing” over roughly 10 months source.
The firm kept buying over four straight weeks. Lee said last week’s 101,901 ETH was the quickest clip since mid‑December 2025, consistent with Bitmine’s “base case” that ETH is in the late phase of a “mini‑crypto winter” source.
Lee pitched ETH as a “store of value,” citing research he says shows rising collateral use as digital assets integrate into finance source. He claimed ETH has outperformed the S&P 500 by 1,696 bps since the Iran War began and called ETH the best-performing asset globally aside from crude oil source.
He tied the thesis to two tailwinds. Wall Street tokenization on Ethereum. And demand from AI agents for public, neutral blockchains source.