{"id":83898,"date":"2026-04-21T05:01:37","date_gmt":"2026-04-21T05:01:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=83898"},"modified":"2026-04-21T05:01:37","modified_gmt":"2026-04-21T05:01:37","slug":"bitmine-loads-up-on-101627-ether-in-record-post-december-buy","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=83898","title":{"rendered":"Bitmine Loads Up On 101,627 Ether In Record Post-December Buy"},"content":{"rendered":"
\n

Buried in Bitmine Immersion Technologies\u2019 latest disclosure is a number that speaks to just how deep the company has gone on Ethereum<\/a>.<\/p>\n

Of the nearly 5 million ETH it now holds, 3.33 million is actively staked through its validator platform, generating more than $200 million in annualized staking revenue.<\/p>\n

For a company built around accumulating a single digital asset, that income stream turns what might look like a speculative bet into something closer to an operating business.<\/p>\n

The purchase that pushed those numbers higher came during the week of April 13 to April 19. Bitmine acquired 101,627 ETH in that period, its largest single-week buy<\/a> since December 2025.<\/p>\n

The transaction was disclosed Monday through a press release and a Form 8-K filing with the US Securities and Exchange Commission.<\/p>\n

\"\"<\/p>\n

Closing In On Target<\/h2>\n

Following the purchase<\/a>, Bitmine held 4,976,485 ETH \u2014 valued at roughly $11.5 billion based on a reference price of $2,301 per toke`n. That puts the company\u2019s ownership at about 4.12% of total Ether in circulation.<\/p>\n

Its stated target is 5%, a goal the company refers to internally as the \u201calchemy of 5%.\u201d At the current pace, it is around 80% of the way there.<\/p>\n

Chairman Tom Lee said the company has kept up an increased buying<\/a> pace for four straight weeks. \u201cOur base case ETH is in the final stages of the mini-crypto winter,\u201d he said. Lee made similar remarks at Paris Blockchain Week 2026, where he predicted Ether could eventually top $60,000.<\/p>\n

\"\"<\/p>\n

Beyond its ETH position, Bitmine also holds 199 Bitcoin, a $200 million stake in Beast Industries, a $107 million stake in Eightco Holdings, and $1.12 billion in cash. Total crypto and cash holdings stand at close to $13 billion.<\/p>\n

NYSE Uplisting Came Before The Push<\/h2>\n

The buying acceleration follows a significant corporate move<\/a>. Bitmine recently uplisted from the NYSE American to the New York Stock Exchange and expanded its share buyback program.<\/p>\n

<\/p>\n

The NYSE listing gives the company broader visibility among institutional investors at a time when crypto balance sheet strategies are spreading across public markets.<\/p>\n

No other public company comes close to Bitmine\u2019s total ETH exposure, according to data from CoinGecko, which tracks corporate Ethereum treasuries.<\/p>\n

The gap between Bitmine<\/a> and the next-largest holders has continued to grow with each successive purchase.<\/p>\n

Featured image from Consensys, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Buried in Bitmine Immersion Technologies\u2019 latest disclosure is a number that speaks to just how deep the company has gone on Ethereum. Of the nearly 5 million ETH it now holds, 3.33 million is actively staked through its validator platform, generating more than $200 million in annualized staking revenue. For a company built around accumulating […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-83898","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/83898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=83898"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/83898\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=83898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=83898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=83898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}