BULLISH 📈 : Bitmine lifts ETH treasury to 4.98M; total holdings reach $12.9B
Bitmine Immersion Technologies disclosed a 4,976,485 ETH treasury as of April 19, 2026, with total crypto and cash at $12.9B. The stake equals 4.12% of supply, 23,515 ETH short of its 5% goal (company disclosure).
Holdings rose from 4.732M ETH and $10.7B reported on March 30. The increase reflects continued accumulation and higher ETH prices since that filing (March 30 disclosure).
Key balance sheet items as of April 19:
- 4,976,485 ETH at $2,301 per token
- 199 BTC
- $1.12B cash
- $200M stake in Beast Industries
- $107M stake in Eightco Holdings (NASDAQ: ORBS)
(company disclosure)
Staking now dominates the position. 3,334,637 ETH are staked, about 67% of the treasury, marked at $7.7B. The company reported a 7‑day staking yield at 2.88% annualized versus a 2.76% composite benchmark, attributing a 12 bps edge to validator efficiency (company disclosure). Onchain data shows the same staked amount and valuation (Onchain Lens).
Liquidity remains. About 1.64M ETH (33%) are un-staked for flexibility (company disclosure).
MAVAN, the firm’s validator network launched earlier this year, underpins staking operations. Current annualized staking revenue is $221M, with a run-rate target of $330M once the full treasury is deployed. The platform is being opened to external institutions (Bitmine staking program).
Accumulation accelerated into April. Bitmine bought 101,627 ETH in the week ending April 19, its largest weekly add in months, bringing total holdings to 4,976,485 ETH (Onchain Lens).