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BitMine increased its holdings by 71,524 ETH last week, raising its total holdings to 4.875 million
According to PR Newswire, Bitmine announced today that its total holdings in cryptocurrency, cash, and "moon landing plan" amount to $11.8 billion. As of 3:30 PM Eastern Time on April 12, 2026, the company's cryptocurrency holdings include:
- 4,874,858 ETH
- 198 btc-42">Bitcoin
- A $200 million investment in Beast Industries
- A $85 million investment in Eightco Holdings (NASDAQ: ORBS)
- And $719 million in cash.
Bitmine's ETH holdings account for 4.04% of the total ETH supply (120.7 million ETH).
Bitmine Chairman Thomas "Tom" Lee stated, "The Iran war has entered its seventh week, and this war remains the most significant driver of the global market. ETH has risen 17.4% since the outbreak of war, outperforming the S&P 500 by 1830 basis points, making it the best-performing asset. We believe ETH outperforms gold, proving that ETH is a wartime store of value."
"Ethereum continues to benefit from two major tailwinds: Wall Street's tokenization on the blockchain and the growing demand for public neutral blockchains by proxy AI systems," Lee continued. "Bitmine has maintained an accelerated pace of purchasing ETH every week for the past four weeks, as our fundamental judgment is that ETH is in the final stage of a 'mini cryptocurrency winter.' In the past week, we acquired 71,524 ETH, the highest purchase rate since the week of December 22, 2025," Lee stated.
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