Bitmine expands ETH treasury by major purchase, close to 5% supply
Bitmine Immersion Technologies bought 71,524 ether in the past week, bringing its total holdings to 4.87 million tokens, it said on Monday.
The company says it represents 4.04% of the total Ether (ETH) supply, based on 120.7 million tokens, while continuing to aim to reach 5% of the global supply. His balance includes 198 Bitcoin (BTC) and about $719 million in cash.
Bitmin said the latest purchase marks the fastest weekly increase in Ether reserves since December 2025.
According to data from CoinGecko, Bitcoin is the largest Ethereum treasury company by a wide margin, with Sharplink holding 868,699 ETH and The Ether Machine 496,712 ETH.
It is also one of the few Ethereum treasury companies to increase its holdings in the last 30 days. Exhaust Movement was the only organization in the database, adding 17 ETH to a total of 1,857 ETH.
Chairman Tom Lee has seen Ether outperform traditional assets in recent weeks, citing the tokenization movement on Wall Street and the growing interest in public blockchains for AI systems.
Ether is up about 7% in the past month, limiting its year-to-date decline to about 25%, according to CoinGecko data.
A portion of the holdings are held through MAVAN, the company's in-house platform, with 3.33 million ETH per share and projected annual awards of approximately $310 million based on recent earnings.
The announcement follows Bitmine's April 9 delisting from NYSE America on the New York Stock Exchange, a move that reflects stricter listing standards and broader access to institutional capital.
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Most treasury companies buy or sell strategy
Bitcoin wasn't the only crypto treasury company to buy in recent days, as Strategy posted another big stockpile on Monday, bringing its total Bitcoin holdings close to 800,000 BTC.
The world's largest public BTC holder said it acquired 13,927 bitcoins worth $1 billion between April 6 and April 12 at an average price of $71,902 per coin, below the overall average purchase price of $75,577. Strategy has now bought 780,897 BTC for a total of $59.02 billion and is just over 19,000 BTC away from reaching the 800,000 mark.
Bitcoin Treasury activity over the past 30 days shows the difference between hoarding and selling. Japan's Metaplanet increased its holdings by 5,075 BTC while the strategist added 42,166 BTC to wide margin buying. Small additions came from companies like Strive, which added 430 BTC.
In contrast, Bitcoin miners drove most of the selling, with MARA Holdings loading 15,133 BTC, while Riot Platforms reduced holdings by 2,325 BTC.
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