Bitmine Immersion Technologies acquired 71,524 ETH worth $157 million in the week ending April 13, 2026, its largest Ethereum purchase since December 2025, bringing total holdings to 4.87 million ether valued at $10.7 billion—representing 4.04% of all ether in existence. The company, led by chairman Tom Lee, operates the world's largest corporate ether treasury and stakes 68% of its holdings to generate $212 million in annualized revenue. Despite BMNR stock declining 32% year-to-date, the company recently uplisted to the NYSE and maintains a $747 million average daily trading volume, ranking 117th among U.S. stocks, with backing from major institutional investors including Cathie Wood's ARK and Founders Fund.
Story comments
Loading comments…