BitMine add 71,524 ETH, dey aim 5% supply; e don list for NYSE

Published: 2026-04-13 14:50:01 |

BitMine Immersion Technologies (BMNR) talk say dem do dia biggest weekly buy of Ethereum (ETH) since December, dem buy 71,524 ETH for about $157 million. Dem Ethereum treasury now total 4,874,858 ETH (over $10.7B), wey dey represent more than 4% of circulating ETH supply. Di company don increase how dem dey buy ETH for four straight weeks, adding about $150 million of ETH every week. Chairman Tom Lee link the accumulation say e be because 'mini-crypto winter' base case dey near ending and dem get goal to hold 5% of circulating ETH ('alchemy of 5%'). For staking, BitMine report say dem don already stake 3,334,637 ETH (about $7.3B) and dem expect more than $300M/year in ETH rewards when all don fully deployed. Dem also launch MAVAN (Made in America Validator Network) to scale institutional-grade staking. Separate, BMNR uplist from NYSE American to main NYSE and dem reportedly increase authorized share buyback program by 300% (up to about $4B). Traders fit watch ETH flows close because treasury-driven buying and staking expansion fit strengthen near-term demand.

Bullish

BitMine dem dey buy plenty spot ETH again and again (di waka dey rise every week) wey dey directly increase treasury-driven demand for Ethereum. Di scale big — over 4% of di circulating ETH supply dey inside di treasury — so if dem continue dey buy, e fit reduce wetin dey available for sell and fit support ETH price. Staking add another level of possible bullish vibes. With 3.33M ETH don already dey staked and expectation for $300M+ per year reward when e full, more ETH dey locked away from liquid supply, wey fit reduce short-term sell availability. MAVAN expansion dey support longer-term staking capacity, strengthen di demand story. NYSE uplisting and expanded share buyback authorization fit small support BMNR equity sentiment too, but di direct market impact here na on ETH. Traders suppose still dey watch execution details and whether dem go continue to buy at di stated pace, but di overall direction of ETH flow wey dis update dey imply na positive for near- to mid-term momentum.