Bitmine ETH Holdings Hit 4.87M, Treasury Reaches $11.8B
Bitmine used its latest treasury update to show how aggressively it is concentrating capital in Ethereum, pairing fresh accumulation with a broader balance-sheet mix that now spans crypto, cash and private-company style positions.
Bitmine said that as of April 12, 2026 at 3:30 p.m. ET it held 4,874,858 ETH, a balance the company said represented 4.04% of Ethereum’s 120.7 million token supply.
The disclosure was a company treasury update, not an on-chain proof-of-reserves report. Coverage from Bitcoin.com News repeated the same balance and treasury figures after the release, but Bitmine’s own statement remains the primary evidence for the snapshot.
Bitmine’s ETH Treasury Reaches 4.874 Million Tokens
Raw treasury update
What Bitmine established in the release is narrow but significant: the company says it controls a treasury stake large enough to matter to Ethereum supply discussions, and it presented that update as a balance-sheet disclosure rather than as a market forecast.
How the 4.04% of ETH Supply Claim Checks Out
Supply base used in the release
Bitmine based its percentage claim on a 120.7 million ETH supply figure disclosed in the same update, making the headline percentage a straightforward ratio rather than a separate market estimate.
What the ratio implies
Using the release’s stated balance and supply base, the implied share still rounds to 4.04%, which supports the company claim but should be read as a reconciliation of Bitmine’s own numbers rather than an external audit.
What Makes Up Bitmine’s $11.8 Billion Holdings
Treasury composition
Bitmine said its combined crypto, cash and “moonshots” holdings totaled $11.8 billion in the same treasury update.
Beyond the ETH treasury, Bitmine said the total included 198 BTC, a $200 million Beast Industries stake, an $85 million Eightco stake, and $719 million in cash, underscoring that the headline total is broader than Ethereum alone.
That breadth makes the balance-sheet story different from directional ETH trades such as the recent 25x short on 6,700 ETH, because Bitmine is describing treasury assets rather than a leveraged trading position.
Staking and Weekly Buying Show How Fast Bitmine Is Scaling
Staked ETH base
Bitmine separately said it had 3,334,637 staked ETH on April 13, 2026, which the company valued at roughly $7.4 billion at $2,206 per ETH.
Recent buying pace
Tom Lee said Bitmine acquired 71,524 ETH in the past week, describing it as the company’s fastest buying pace since the week of December 22, 2025.
“In the past week, we acquired 71,524 ETH which is the highest pace of buys since the week of December 22, 2025.”
Thomas “Tom” Lee, via Bitmine’s treasury release
The contrast between Bitmine’s reported 71,524 ETH weekly purchase pace and stress events such as the Bank of Korea’s circuit-breaker response after the Bithumb pricing error is what makes this update notable: the company says it kept scaling its treasury while parts of the market were still trading defensively.
FAQ: Key Questions About Bitmine’s ETH Treasury
What percentage of ETH supply does Bitmine say it holds?
Bitmine said the treasury equaled 4.04% of supply, using a 120.7 million ETH supply base in its release.
What sits inside the broader holdings total?
The company said the total included its ETH position alongside 198 BTC, a $200 million Beast Industries stake, an $85 million Eightco stake, and $719 million in cash.
Was the 4.04% figure independently audited?
Not in this disclosure. The available evidence supports that the ratio implied by Bitmine’s stated balance and supply base rounds to 4.04%, but the update itself was a company treasury release rather than an external attestation.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making any investment decisions.
