Bitmine Immersion Technologies reported on Monday that it purchased 71,524 Ether over the past week, bringing its total holdings to approximately 4.87 million tokens.
Business he said this position represents approximately 4.04% of the total Ether (ETH) supply, based on approximately 120.7 million remaining tokens, as it continues to pursue its goal of capturing up to 5% of the global supply. Its balance sheet also includes 198 Bitcoin (BTC) and approximately $719 million in cash.
Bitmine said the latest purchase marks the fastest weekly Ether accumulation rate since December 2025.
According to CoinGecko data, Bitmine is the largest Ethereum treasury by a wide margin, with SharpLink holding approximately 868,699 ETH and The Ether Machine holding 496,712 ETH.
It is also one of the few Ethereum treasury companies that has increased its holdings in the last 30 days. Exodus Movement was the only company in the dataset to do so, adding 17 ETH to reach a total of 1,857 ETH.
CEO Tom Lee said Ether has outperformed conventional assets in recent weeks, citing demand from tokenization activity on Wall Street and the growing utilize of public blockchains by artificial intelligence systems.
According to CoinGecko, ether is up about 7% over the past month, limiting its year-to-date decline to about 25%. data.
Part of the stake is staked via MAVAN, the company’s internal platform, where approximately 3.33 million ETH is currently staked, with projected annual rewards of approximately $310 million based on recent gains.
The announcement follows Bitmine’s April 9 debut on the Novel York Stock Exchange following its listing from NYSE American, which typically signals tighter listing standards and greater access to institutional capital.
Related: Ether Machine abandons SPAC merger with Dynamix, citing market conditions
The strategy, like most treasury stocks, buys, holds or sells
Bitmine wasn’t the only cryptocurrency company to buy in recent days, as Strategy also revealed another huge accumulation on Monday, bringing its total Bitcoin holdings to 800,000 BTC.
The world’s largest public holder of BTC said it acquired 13,927 Bitcoins worth $1 billion between April 6 and 12, at an average price of $71,902 per coin, below the overall average purchase price of $75,577. The strategy currently has 780,897 BTC purchased for a total of $59.02 billion, with just over 19,000 BTC remaining to reach the 800,000 mark.
Bitcoin treasury activity over the past 30 days shows a divergence between accumulation and selling. The strategy led to high-margin purchases, adding 42,166 BTC, while Japan’s Metaplanet increased its holdings by 5,075 BTC. Smaller additions came from companies like Strive, which added 430 BTC.
In contrast, most of the selling came from Bitcoin miners, with MARA Holdings offloading 15,133 BTC while Riot Platforms reduced its holdings by 2,325 BTC.
Warehouse: Asia Express: Phantom Bitcoin Checks, China Tracks Blockchain Tax
