Bitmine, a company listed on the New York Stock Exchange, bought 101,627 more ether last week. CoinPost, a blockchain outlet, reported on April 21 that the purchase lifted Bitmine's total ether holdings to 4,976,485.

Bitmine held 4,874,858 ether the previous week, but bought more than 100,000 within a week to expand its holdings again. The company said 4,976,485 ether is worth 1.8 trillion yen, or about 16.64 trillion won, equal to 4.12 percent of ether’s total supply of 120.7 million. As a result, Bitmine maintained its status as the world’s largest listed company holder of ether on a corporate basis.

The increased buying extends an accumulation trend over the past several weeks. Since first acquiring ether in early June 2025, Bitmine has gradually increased its weekly purchase pace. Chairman Tom Lee (톰 리) said in a statement on the 13th that it had raised its weekly ETH buying pace over the past four weeks, and the additional purchase of 101,627 reflects that stance continuing.

The company stakes 3,334,637 of its ether through the Made in America Validator Network, or MAVAN. It is operated as staking infrastructure for institutional investors that prioritises security, performance and incident response. Bitmine has maintained an operating structure that allocates a substantial amount to staking rather than simply holding.

Lee also highlighted ether’s recent market performance. He said ether has outperformed the S&P 500 by 2,280 basis points since the outbreak of war between the United States and Iran. He added that it posted the strongest performance among all assets except oil. This reflects the company’s view that ether has shown relatively strong momentum amid recent geopolitical factors.

In the market, Bitmine’s large-scale accumulation is being taken as an indicator of whether its ether holding strategy will continue. The company has already secured more than 4 percent of total supply. Alongside this, it is also expanding how it uses its holdings by running large-scale staking operations.

Bitmine said in the announcement that its ether buying is not a one-off measure. Lee also expressed the view that the end of a “mini crypto winter” is nearing. Market attention is likely to focus on whether Bitmine will further raise its weekly buying pace and how far its share of ether holdings will expand as a portion of total supply.