Over the past week, BitMine Immersion Technologies acquired 71,252 ETH▲$1,668.40. This marks the highest weekly purchase volume since December 2025.
As of April 6, 2026, BitMine’s total reserves reached 4.803 million ETH. That represents approximately 3.98% of Ethereum’s total supply. At the current price of roughly $2,140 per coin, the company’s reserves are valued at $10.3 billion.
Related: Ethereum Classic Community Splits on Fee Plan
Accumulation Strategy
BitMine Chairman Tom Lee stated that the company has maintained an accelerated purchasing pace for four consecutive weeks. According to him, Ethereum (ETH) is in the final stage of a “mini-crypto winter.” Current prices therefore present an attractive opportunity for accumulating the asset.
To achieve its stated goal of 5% of Ethereum’s total supply, BitMine needs to acquire approximately another 1.23 million ETH. If the current pace holds, the company could reach its target in about four months.
Related: Ethereum Foundation Stakes 22,517 ETH Worth $46 Million
Staking and NYSE Listing
Of the 4.8 million ETH, the company has already staked 3.33 million coins through its institutional MAVAN platform. BitMine estimates annual staking yield at approximately $196 million, based on a 2.78% return. If the company stakes all of its reserves, that figure could rise to $282 million per year.
Additionally, starting April 9, 2026, BitMine shares will begin trading on the New York Stock Exchange’s main floor instead of NYSE American.
Market Context
Tom Lee noted that amid the Middle East military conflict, Ethereum has proven to be one of the most resilient assets, gaining 6.8% since the escalation began. That outpaces both gold and the S&P 500. In his view, ether is acting as a “war store of value” under current conditions.
