Bitmine Acquires Over 101,000 Ether, Approaches Major Holding Milestone
- Bitmine Immersion Technologies purchased 101,627 ETH from April 13 to April 19.
- This acquisition raised Bitmine’s total holdings to 4,976,485 ETH, representing approximately 4.12% of the total supply.
- The recent purchase is Bitmine’s largest since December 2025.
- Bitmine aims to reach a long-term target of 5% of the total Ether supply.
- Currently, Bitmine has 3.33 million ETH staked, generating annualized revenues exceeding $200 million.
This strategic purchase highlights Bitmine’s commitment to expanding its Ethereum treasury amid evolving market conditions and its recent uplisting on the New York Stock Exchange.
With nearly 4.98 million ETH, Bitmine is significantly positioned in the market as it works toward its goal of owning 5% of total Ether supply.(Source)
