Bitmine buys 101,627 ether worth over $230 million, its largest weekly haul of 2026

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitmine buys 101,627 ether worth over $230 million, its largest weekly haul of 2026 The Ethereum treasury firm is nearing 5 million ETH holdings as it has sped its accumulation pace over the past weeks. By Krisztian Sandor Apr 20, 2026, 12:57 p.m. Make preferred on Thomas Lee, chairman of BitMine and CIO of Fundstrat, on the main stage during Consensus Hong Kong 2026 (CoinDesk) What to know : BitMine purchased 101,627 ETH last week, its biggest weekly haul since Dec. 15, bringing total holdings to nearly 5 million tokens. The firm remains one of the only large digital asset treasuries still actively buying amid the recent volatile months in crypto. Total assets stand at $12.9 billion, with about 3.33 million ETH staked. BitMine Immersion Technologies (BMNR), the largest Ethereum-focused digital asset treasury firm, sped up its crypto purchase pace as chairman Tom Lee sees growing signs of the crypto "mini-winter" ending. The firm reported Monday it acquired 101,627 ether (ETH) last week, its largest weekly haul since December 15. The purchase, worth roughly over $230 million at current ETH prices, lifted BitMine’s total holdings to 4.97 million ETH. The move comes as most digital asset treasuries — except Michael Saylor's bitcoin-focused Strategy (MSTR) — have slowed or halted buying in recent months. BitMine remains among the last large-scale buyers of ether-focused treasuries, continuing to provide a steady source of demand for ETH. BitMine’s total crypto and cash holdings stand at $12.9 billion. In addition to its ETH treasury, the firm holds 199 bitcoin, $1.12 billion in cash and equity stakes including investments in Beast Industries and Eightco Holdings. Chairman Thomas Lee said the firm sees signs that the recent downturn is nearing an end, pointing to ETH’s rebound and broader market dynamics. "Bitmine has maintained the increased pace of ETH buys in each of the past four weeks, as our base case ETH is in the final stages of the 'mini-crypto winter,'" Lee said. He added that ether has risen sharply from its early February lows and has outperformed equities since the start of the Iran conflict, supported by demand tied to tokenization and AI-related use cases. BitMine has also continued expanding its staking operations. The firm has staked more than 3.3 million ETH, or about two-third of its holdings, generating roughly $221 million in annualized revenue. Ethereum News Digital Asset Treasury More For You The $292 million Kelp exploit: how it happened, and what it means for DeFi By Krisztian Sandor | Edited by Nikhilesh De 14 hours ago 2026 is shaping up to be DeFi's "worst year in terms of hacks," Ledger's CTO said, as the Kelp exploit shows how a single point of failure can cascade across systems. What to know : A major $292 million exploit of KelpDAO is rippling across the DeFi sector. The incident is a reminder that as DeFi protocols become increasingly interconnected, a single weak link can ripple across the stack. Trust in DeFi "eroded" as 2026 will "most likely be the worst year in hacks," Ledger's... Read full story Latest Crypto News Strategy buys 34,164 bitcoin for $2.54 billion, third-largest purchase on record 51 minutes ago U.S.-Iran ceasefire ends, Tesla earnings: Crypto Week Ahead 1 hour ago Nearly $1 billion in bitcoin ETF inflows power bull case as Kelp hack fuels DeFi jitters 1 hour ago Bitcoin drops from recent highs as traders watch CME gap, DeFi hack fallout 2 hours ago Bitcoin is rallying as flagship conference approaches, data shows the gains rarely last 2 hours ago Here's how bitcoin's $7.9 billion April options expiry impact prices 3 hours ago Top Stories LayerZero blames Kelp's setup for $290 million exploit, attributes it to North Korea's Lazarus 7 hours ago 'DeFi is dead': crypto community scrambles after this year's biggest hack exposes contagion risk 19 hours ago A $300 million borrowing spike on Aave signals liquidity crunch after KelpDAO exploit 3 hours ago The $292 million Kelp exploit: how it happened, and what it means for DeFi 14 hours ago Previewing Consensus' Policy Summit: State of Crypto 18 hours ago Aave sees $6 billion deposit drop as Kelp hack exposes structural risk for DeFi lender 22 hours ago