Bitmine Immersion Technologies said Monday that it purchased 71,524 Ether over the past week, bringing its total holdings to approximately 4.87 million tokens.
The company said the position represents approximately 4.04% of total Ether (ETH), based on approximately 120.7 million tokens in circulation, as it continues to pursue its goal of acquiring up to 5% of the global supply. His balance sheet also includes 198 Bitcoin (BTC) and approximately $719 million in cash.
Bitmine said the latest purchase marks its fastest weekly pace of Ether accumulation since December 2025.
According to CoinGecko data, Bitmine is by far the largest Ethereum treasury company, 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 to increase its holdings in the last 30 days. Exodus Movement was the only other company in the dataset to do so, adding 17 ETH to reach a total of 1,857 ETH.
Chairman Tom Lee said Ether has outperformed traditional assets in recent weeks, citing demand from tokenization activity on Wall Street and the growing use of public blockchains by AI systems.
Ether is up about 7% over the past month, limiting its year-to-date decline to about 25%, according to CoinGecko. data.
A portion of the holdings are staked through MAVAN, the company’s internal platform, with approximately 3.33 million ETH currently staked and projected annual rewards of approximately $310 million based on recent returns.
The announcement follows Bitmine debuts April 9 on the New York Stock Exchange after being transferred from NYSE American, a move that generally signals stricter listing standards and broader access to institutional capital.
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The strategy buys while most treasury companies hold or sell
Bitmine wasn’t the only crypto treasury company buying in recent days, as Strategy also revealed on Monday. another major buildupwhich brings his total Bitcoin holdings closer to 800,000 BTC.
The world’s largest public BTC holder said it acquired 13,927 Bitcoins worth $1 billion between April 6 and 12, at an average price of $71,902 per coin, below its overall average purchase price of $75,577. Strategy now holds 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 largely dominated purchases, adding 42,166 BTC, while Japanese company Metaplanet increased its holdings by 5,075 BTC. Smaller additions came from companies like Strive, which added 430 BTC.
In contrast, Bitcoin miners generated the bulk of the sales, with MARA Holdings selling off 15,133 BTC, while Riot Platforms reduced its holdings by 2,325 BTC.
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