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Bitmine crossed 5 million Ethereum tokens on April 27 after buying 101,901 ETH for approximately $236 million, making it the first company in history to hold more than 5 million ETH and the world\u2019s largest corporate Ethereum treasury by a wide margin.<\/p>\n
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Bitmine ETH holdings officially crossed the 5 million token milestone on April 27 after the company announced<\/a> total holdings of 5,078,386 ETH as of April 26, purchased at a price of $2,369 per coin. \u201cBitmine ETH holdings crossed 5 million this past week,\u201d chairman Thomas Lee said<\/a>. \u201cThis is a major milestone as the company moves towards acquiring 5% of the ETH supply.\u201d The latest 101,901 ETH buy was the largest single-week purchase since mid-December 2025.<\/p>\n The 5 million ETH threshold was reached approximately 10 months after Bitmine pivoted from bitcoin mining to a digital asset treasury strategy in June 2025. As crypto.news reported, the company was carrying an estimated $3.5 billion in unrealized losses in February 2026 with average ETH entries around $3,960, but continued accumulating through the drawdown. At $2,369 per coin, the 5,078,386 ETH position is worth approximately $12 billion. Combined with 200 Bitcoin, $940 million in cash, and equity stakes including a $200 million position in Beast Industries and $91 million in Eightco Holdings, total company assets reach $13.3 billion. The firm ranks second among global crypto treasuries overall, behind only Strategy\u2019s 818,334 BTC position worth $63.7 billion. Tom Lee said ETH has outperformed the S&P 500 by 1,696 basis points since the Iran conflict began on February 28, calling it \u201cthe ultimate wartime store of value\u201d and attributing its resilience to two structural demand drivers: Wall Street tokenization and agentic AI systems requiring neutral public blockchains.<\/p>\n <\/p>\n About 3.7 million ETH, or 73% of Bitmine\u2019s total holdings, are now actively staked through MAVAN, the company\u2019s Made in America Validator Network, which launched in March 2026. As crypto.news documented, Bitmine had been building toward this staking infrastructure since January 2026, with the MAVAN platform designed to serve not only Bitmine\u2019s own treasury but also institutional clients, custodians, and ecosystem partners seeking validator infrastructure. At full deployment, the company projects $363 million in annual staking revenue at a 3.033% seven-day yield. Annualized revenue from the current 3.7 million staked ETH already stands at approximately $264 million. As crypto.news tracked, Bitmine\u2019s staking program began in earnest in late December 2025 when the firm made its first major validator deposit of $352 million, laying the operational foundation for what is now the world\u2019s largest corporate Ethereum staking operation.<\/p>\n Bitmine\u2019s investor roster reflects the depth of institutional conviction behind its ETH thesis. As crypto.news noted, the company\u2019s shareholders include ARK Invest\u2019s Cathie Wood, Founders Fund, Pantera Capital, Kraken, Digital Currency Group, Galaxy Digital, and Bill Miller III, alongside Lee himself as a personal investor. The firm uplisted to the New York Stock Exchange main board on April 9, 2026, and has been trading at an average daily dollar volume of $845 million over the five days ending April 24, ranking it 129th among all 5,704 US-listed stocks. BMNR shares showed no movement in pre-market trading following the 5 million ETH announcement, reflecting a market that has largely priced in the accumulation pace.<\/p>\n Bitmine said it remains committed to reaching its \u201cAlchemy of 5%\u201d target, requiring approximately an additional 225,000 ETH to close the gap between the current 4.21% position and the 5% goal.<\/em><\/p>\n <\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Bitmine crossed 5 million Ethereum tokens on April 27 after buying 101,901 ETH for approximately $236 million, making it the first company in history to hold more than 5 million…<\/p>\n","protected":false},"author":1,"featured_media":12514,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=26850"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26850\/revisions"}],"predecessor-version":[{"id":26851,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26850\/revisions\/26851"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/12514"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=26850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=26850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=26850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitmine ETH Treasury Reaches 4.21% of Total Ethereum Supply<\/h2>\n
MAVAN Staking Platform Generates $264 Million Annually<\/h3>\n
The Institutional Backing Behind Bitmine\u2019s Accumulation<\/h3>\n