Bitmine Reaches 4.803 Million ETH, Announces NYSE Uplisting – Crypto News Bitcoin News

Key Takeaways:

• Bitmine holds 4.803 million ETH worth $10.2 billion, making it the world’s largest ethereum treasury as of April 6, 2026.
• MAVAN, Bitmine’s institutional staking platform, has staked 3.33 million ETH generating $196 million in annualized staking revenue.
• Bitmine’s NYSE uplisting takes effect April 9, 2026, as the company targets 5% of total ETH supply under Chairman Tom Lee.

Bitmine Buys 71,252 ETH in One Week, Highest Pace Since December 2025

The Norwalk, Conn.-based company Bitmine said its common stock will move from NYSE American to the NYSE effective at the open of trading on April 9, 2026, and will continue trading under the ticker symbol BMNR.

As of 8:30 p.m. ET on April 5, the company held 4,803,334 ETH valued at $2,123 per token on Coinbase, 198 bitcoin, a $200 million stake in Beast Industries, and $92 million in Eightco Holdings (Nasdaq: ORBS). Total cash stood at $864 million.

The ETH holdings represent 3.98% of the total circulating supply of 120.7 million tokens, putting Bitmine more than 79% of the way toward its stated target of holding 5% of the ETH supply, a goal it calls the “Alchemy of 5%.”

Strategy Inc. (Nasdaq: MSTR), which now holds 766,970 BTC valued at approximately $53.2 billion, remains the largest global crypto treasury. Bitmine ranks second globally and first in ETH. Strategy this week made its latest bitcoin purchase, continuing the accumulation strategy that has made it the benchmark for corporate crypto treasury management.

Bitmine Chairman Tom Lee stated that ETH has been the second-best performing asset since the start of the Iran war, gaining 6.8% and outperforming the S&P 500 by 1,130 basis points. “ ETH beating gold by 1,840 basis points demonstrates ETH is the wartime store of value,” Lee remarked.

In the past week, Bitmine acquired 71,252 ETH, the highest weekly purchase total since the week of Dec. 22, 2025. Lee called this the final stage of what he described as a “mini- crypto winter,” with ethereum ( ETH) positioned to draw institutional capital off the sidelines.

Bitmine staked 3,334,637 ETH, valued at $7.1 billion, through its institutional staking platform MAVAN, which stands for Made in America VAlidator Network. The platform generated a seven-day annualized yield of 2.78%, above the Composite Ethereum Staking Rate of 2.74% administered by Quatrefoil. Annualized staking revenues currently stand at $196 million, the company noted.

At full scale, Bitmine projects annual staking rewards of $282 million. The company said MAVAN will expand to serve institutional investors, custodians and ecosystem partners beyond Bitmine’s own treasury.

Bitmine’s $92 million stake in Eightco Holdings gives BMNR shareholders indirect exposure to OpenAI, as the company described it as one of the only publicly listed equities in the world to offer that access.

The stock ranked 96th by average daily dollar volume among 5,704 U.S.-listed equities, with a four-day average of $987 million as of April 2, according to Fundstrat’s stats. BMNR sits behind Schlumberger at rank 95 and ahead of Adobe at rank 97.

Institutional backers include Ark Investment Management’s Cathie Wood, Founders Fund, Pantera Capital, Kraken, Digital Currency Group, Galaxy Digital and Bill Miller III.