BitMine (Photo: Shutterstock)

BitMine Immersion Technologies said it bought an additional 71,252 ether (ETH) over the past week.

On April 7, blockchain media outlet Coinpost reported BitMine said the purchase marked its highest weekly buying pace since the week that included Dec. 22, 2025.

The purchase lifted BitMine's ether holdings to 4,803,334 ETH. The company added that the holding is worth about $10.2 billion at $2,123 per ether and equals 3.98 percent of Ethereum's total supply of 120,700,000 ETH. Total assets, including crypto, cash and investments, expanded to $11.4 billion.

BitMine has been steadily increasing the pace of its purchases. Tom Lee (톰 리), BitMine chairman, said, "Over the past four weeks, BitMine has raised the weekly pace of its ether purchases." He added that last week's acquisition of 71,252 ETH was the highest since the week including Dec. 22, 2025. Lee also said the company's base scenario is that Ethereum is in the "final phase" of a "mini crypto winter."

It cited geopolitical tensions involving the United States and Iran as a backdrop to the accelerated purchases. Lee claimed, "As the conflict with Iran entered its sixth week, Ethereum has risen 6.8 percent since the outbreak of hostilities and has outperformed the S&P 500 by 1,130 basis points." He also said, "Gold has outperformed by 1,840 basis points, showing Ethereum's status as a store of value in emergencies."

On the business side, a key change is a move in listing venue. BitMine said it was approved to be promoted to the New York Stock Exchange (NYSE) main board from April 9 and will keep its ticker symbol BMNR.

It also announced the formal launch of its institutional staking platform, the Made in America Validator Network (MAVAN). The company said 3,334,637 ETH is currently staked, and annual staking revenue amounts to $196 million.

This announcement shows BitMine is simultaneously strengthening its asset strategy centered on Ethereum and its institutional infrastructure business. Observers also say BitMine's influence could grow further among Ethereum-related listed companies as its large-scale ETH purchases, move to the NYSE main board and staking network expansion come together.

5/ Here are our weekly buys by week Weekly ETH buys (by week ending): -4/5/26: 71,252 ETH tokens -3/29/26: 71,179 ETH -3/22/26: 65,341 ETH -3/15/26: 60,999 ETH -3/8/26: 60,976 ETH -3/1/26: 50,928 ETH -2/23/26: 51,162 ETH -2/17/26:…

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#BitMine Immersion Technologies #Ethereum #New York Stock Exchange #MAVAN #S&P 500
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