Ethereum Price Prediction as Bitmine Nears 5% of Total ETH Supply

Bitmine Immersion Technologies Ethereum holdings reached 4,874,858 ETH as of April 12, equal to 4.04% of the circulating supply of 120.7 million ETH. The company valued those holdings at about $10.7 billion based on an ETH price of $2,206, while total crypto, cash, and other investments stood at $11.8 billion.

The update placed Bitmine close to its stated target of acquiring 5% of Ethereum’s total supply after nine months of accumulation. The company also said 3.33 million ETH is already staked, creating annualized staking revenue of about $212 million.

Bitmine Treasury Expands as Ethereum Holdings Cross 4.8M

Bitmine led the latest market update with a larger Ethereum treasury and a broader balance sheet that now includes cash, Bitcoin, and equity stakes. The company's total holdings reached $11.8 billion, made up of 4,874,858 ETH, 198 BTC, $719 million in cash, a $200 million stake in Beast Industries, and an $85 million stake in Eightco Holdings. At the reported level, Bitmine remains the largest corporate Ethereum treasury and trails only Strategy among corporate crypto treasury holders.

The company also reported that it bought 71,524 ETH over the past week, marking its fastest weekly pace of accumulation since late December 2025. That pushed Bitmine to about 81% of its stated goal of securing 5% of Ethereum’s circulating supply. 

The update came days after Bitmine moved from the NYSE American to the New York Stock Exchange, a step the company paired with the launch of its Made in America Validator Network, or MAVAN.

Staking Activity Adds a Revenue Layer to Ethereum Strategy

Bitmine said 3,334,637 ETH, or about 68% of its total Ethereum holdings, is currently staked. Based on its reported 2.89% seven-day annualized yield, that staking activity is generating roughly $212 million in annualized revenue. The company added that if its full ETH treasury is staked through MAVAN and partner infrastructure, annual staking rewards could rise to about $310 million under the same yield assumptions.

The company compared its own staking return with the Composite Ethereum Staking Rate administered by Quatrefoil, which stood at 2.73% during the same period. Bitmine presented MAVAN as an institutional-grade platform built for its treasury and for outside institutional participants seeking Ethereum staking exposure.

Ethereum Price Prediction: Will ETH Break $2,400 Resistance

Ethereum price traded above $2,200 today and remained bullish after recovering from earlier 2026 lows. Market data showed ETH holding above the key $1,800 support zone while still trading below a descending channel resistance structure. On the daily chart, the 100-day moving average near $2,400 and the 200-day moving average near $2,900 remained overhead, keeping the technical picture focused on whether ETH can break above near-term resistance.

On the four-hour chart, Ethereum continued to respect an ascending trendline from the February lows, with support near $2,000 and a nearby resistance band around $2,400. Momentum indicators showed improvement from the February sell-off, though short-term readings had returned to neutral after the recent rebound. 

ETHUSD Chart | Source: TradingView

The broader Ethereum market has also been tracking a decline in exchange-held supply. Ethereum’s exchange supply ratio had fallen to 0.126, a multi-year low, while price remained near $2,100 to $2,200. That combination kept attention on whether lower exchange balances and continued corporate accumulation could tighten available supply further.