bitmine

According to Cointelegraph, Bitmine Chairman Tom Lee stated at the Paris Blockchain Week 2026 conference that the current decline in the crypto market resembles a "mini crypto winter," which may be nearing its end, and believes that risk assets have bottomed out amid "bad news" such as geopolitical conflicts.He pointed out that Ethereum is expected to emerge from a long-term consolidation and will benefit from the trend of tokenization and the development of on-chain AI (agentic AI) applications in the future. If his market assumptions hold, the price of ETH could reach $60,000, with a long-term fair value potentially reaching around $62,000 (based on its estimate that Ethereum will achieve about 1/4 of Bitcoin's market value).Lee emphasized that the U.S. stock market has already seen a bottom and is driving the recovery of risk assets, while this round of crypto correction is a rare "non-stock market synchronized bear cycle." He also mentioned that the market often forms a bottom after significant negative events such as wars. As of now, ETH has dropped about 43% from its peak in October 2025, and the market remains in a clearly volatile range.

According to The Block, Ethereum asset management company Bitmine reported a net loss of $3.8 billion for the quarter ending February 28, 2026, primarily driven by unrealized losses of $3.78 billion on its digital assets. As of April 12, Bitmine held 4.87 million Ethereum, accounting for approximately 4.04% of the global Ethereum supply, with an average purchase price of $2,206 per coin, aiming to control 5% of the global Ethereum supply.The company's report showed that the quarterly revenue was $11.04 million, of which about $10 million came from Ethereum staking rewards. Bitmine has staked 3.33 million Ethereum, representing 68% of its total holdings, with an expected annualized income of up to $212 million. In addition, the company holds $719 million in cash, 198 bitcoins, and investments in Beast Industries and Eightco Holdings.

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 ETH198 BitcoinA $200 million investment in Beast IndustriesA $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.

According to BBX data, the cryptocurrency market maintained a strong oscillating pattern yesterday amid the positive aftermath of the ceasefire, with the following core dynamics:Strategy, Inc. (NASDAQ: $MSTR) disclosed on April 6 in accordance with SEC Form 8-K: the company purchased an additional 4,871 BTC at an average price of $67,718 from April 1 to 5, with a total expenditure of approximately $329.9 million; as of April 5, the total holdings reached 766,970 BTC, with a total book cost of approximately $58.02 billion (average price of $75,644). The funds for this round of purchases came from the sale of STRC preferred shares (net proceeds of approximately $102.6 million) and MSTR common stock (net proceeds of approximately $72 million).Bitmine Immersion Technologies (NYSE: $BMNR) officially upgraded from NYSE American to the New York Stock Exchange main board ("Big Board") on April 9, while also announcing that the board approved a $4 billion stock repurchase authorization. As of April 5, the company held 4,803,334 ETH (accounting for 3.98% of the total circulating supply), of which 3,334,637 ETH has been staked, yielding an annualized staking income of approximately $196 million; additionally, it holds 198 BTC and $864 million in cash, with total consolidated assets of approximately $11.4 billion.Morgan Stanley (NYSE: $MS) subsidiary Morgan Stanley Bitcoin Trust officially listed on NYSE Arca on April 8, with the stock code $MSBT, becoming the first Bitcoin spot ETF issued by a traditional Wall Street bank; over 1.6 million shares were traded on the first day, recording a net inflow of approximately $34 million; Coinbase Global, Inc. (NASDAQ: $COIN) subsidiary Coinbase Institutional has been designated as the official custodian for the fund.

According to Bitmine, Bitmine Immersion Technologies (NYSE: BMNR) officially upgraded to the main board of the New York Stock Exchange on April 9, 2026, with the stock code remaining unchanged. The board also approved an increase in the stock buyback authorization from $1 billion to $4 billion, making it one of the top ten buyback plans announced in 2026.As of April 6, the company holds approximately 4.803 million ETH, accounting for 3.98% of the total Ethereum supply, having completed over 79% of the "5% alchemy" target. The company's total crypto assets, cash, and other assets amount to approximately $11.4 billion.

According to PR Newswire, Bitmine Immersion Technologies (NYSE AMERICAN: BMNR) announced that as of April 5, 2026, its total ETH holdings have reached 4.803 million coins, valued at approximately $10.2 billion based on a price of $2,123 per coin, accounting for 3.98% of the total ETH supply (120.7 million coins). In the past week, Bitmine purchased an additional 71,252 ETH, the highest weekly purchase volume since the week of December 22, 2025.Currently, Bitmine has staked 3.3346 million ETH (approximately $7.1 billion), with an annualized staking yield of about $196 million and a 7-day annualized yield of 2.78%. The company also announced the official launch of its institutional-grade staking platform MAVAN (Made in America VAlidator Network).Bitmine's total holdings in crypto assets, cash, and other investments amount to $11.4 billion, which includes 198 BTC, $864 million in cash, a $200 million stake in Beast Industries, and a $92 million stake in Eightco Holdings (NASDAQ: ORBS).In addition, Bitmine has been approved to upgrade from NYSE American to the New York Stock Exchange (NYSE), and will officially begin trading on the NYSE under the ticker "BMNR" starting April 9, 2026.

According to monitoring by Lookonchain, a suspected Bitmine address has once again increased its holdings by 40,000 ETH through FalconX, amounting to approximately 82.07 million USD.

According to on-chain analyst Onchain Lens, a newly created wallet address received 40,000 ETH from FalconX, worth approximately $82.12 million, and this wallet is suspected to belong to Bitmine.

According to Arkham data, at 22:51, 25,000 ETH (worth approximately $52.94 million) was transferred from BitGo to an anonymous address (starting with 0x9b72...). Subsequently, that address transferred part of the ETH (20,000 ETH) to Bitmine.

BitMine Chairman Tom Lee expressed his market views, describing the current market environment's uncertainty as the "Fog of War."Tom Lee pointed out that the word "crisis" is composed of the characters for "danger" and "opportunity," and that most market participants tend to focus only on "danger" and take action based on that when a crisis arises, neglecting the potential "opportunity" within it.

According to on-chain analyst Onchain Lens, Bitmine has added 167,578 ETH in staking, worth approximately $342.4 million. Currently, its total ETH staking amount has reached 3,310,221 ETH, with a total value of about $6.7 billion.

According to PR Newswire, Ethereum treasury company Bitmine Immersion Technologies disclosed that it increased its holdings by 71,179 ETH last week. The company's crypto asset holdings now include 4,732,082 ETH, 197 BTC, equity in Eightco Holdings worth $102 million, and shares in Beast Industries worth $200 million.In addition, the total amount of ETH staked by the company is 3,142,643 ETH (calculated at $2,005 per ETH, totaling $6.3 billion).

Bitmine Chairman Tom Lee stated in an interview that the current "crypto winter" is about to end. He believes that this downturn may have bottomed out or will end before April 2026.He pointed out that the recent price movements of Ethereum have a strong correlation with the past declines of the S&P 500 index, including the 1987 stock market crash and the 2011 debt ceiling crisis.Currently, long-term holders are continuing to hold their positions, while the exchange's balance of holdings is decreasing. These signals are typically consistent with the accumulation phase near market bottoms.Previously, it was reported that BitMine increased its holdings by over 65,000 ETH in late March, bringing its total holdings to over 4.6 million.

According to Onchain Lens monitoring, a wallet suspected to be related to Bitmine (0xA17...7dc9) received 50,000 ETH from FalconX, worth $108.37 million.

According to PR Newswire, Nasdaq-listed Ethereum treasury company Bitmine announced the official launch of the institutional-grade Ethereum staking platform MAVAN (Made in America Validator Network), aimed at providing institutions with high security, high performance, and high resilience staking infrastructure.MAVAN combines domestic validator nodes in the United States with a globally distributed architecture, meeting the needs of institutions that require local compliant infrastructure while also supporting global client access. The platform was initially used to support Bitmine's own Ethereum asset allocation and will be opened to institutional investors, custodians, and ecological partners in the future. As of 2026, Bitmine has staked approximately 3.1426 million ETH (about $6.8 billion).

According to Onchain Lens monitoring, in the past 3 hours, two newly created wallets withdrew 67,111 ETH from Kraken, worth $144.73 million, possibly related to Bitmine.