Bitmine Reports 4.875M ETH Holdings, $11.8B in Total Assets

Bitmine Immersion Technologies has announced a significant update to its crypto portfolio, showing strong growth in both Ethereum holdings and overall assets. The firm, known for its long-term crypto investment strategy, reported total holdings of $11.8 billion, combining digital assets, cash, and strategic investments.

Per the announcement, the company disclosed that as of April 12, 2026, it held 4,874,858 ETH, valued at around $2,206 per coin. This comes as the second-largest crypto asset by market capitalization trades above $2,200, showing minimal signs of recovery, according to CoinGecko data.

Bitmine Secures 4.04% of Ethereum Supply

According to the latest update, the company now controls about 4.04% of the total Ethereum supply, a significant share that strengthens its position in the market.

In addition, Bitmine holds 198 BTC and $719 million in cash, providing flexibility for future investments. Many prominent companies prefer to stick to a single asset. However, the firm believes in asset diversification.

Interestingly, Ether’s recent performance has also played a crucial role in the entity’s growth. According to the firm’s chairman, Tom Lee, ETH has gained 17.4% since the start of the ongoing Iran conflict, outperforming both the S&P 500 and gold.

The Bitmine executive further described Ethereum as a “wartime store of value,” citing its strong performance amid global uncertainty.

Notably, the company has been steadily stacking ETH. Over the past week alone, the company acquired over 71,000 ETH, marking its fastest buying pace since late 2025. This suggests strong confidence in Ethereum’s future, especially as blockchain adoption grows.

Billions in ETH Already Staked

Another key development is the launch of MAVAN, Bitmine’s institutional staking platform. The platform is designed to support large investors and already manages a significant portion of Bitmine’s ETH. Currently, about 3.3 million ETH is staked, worth roughly $7.4 billion.

Staking has become an important source of income for the company. Bitmine reports annualized staking revenue of over $200 million, with projections reaching $310 million as more ETH gets staked.

Meanwhile, the company has also made moves beyond crypto holdings. It invested $200 million in Beast Industries and $85 million in Eightco Holdings. These “moonshot” investments show Bitmine’s interest in expanding into high-growth opportunities outside the core crypto space.

The recent update comes shortly after Bitmine moved its listing to the New York Stock Exchange on April 9, 2026, where it continues to trade under the symbol BMNR.

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