Bitmine Crosses 5 Million ETH, Pushes 4.21% of Total Supply Toward 5% Goal

Apr 27, 2026

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Key Takeaways:

Bitmine (NYSE: BMNR) holds 5.078 million ETH worth roughly $12 billion, reaching 4.21% of the total supply in 10 months. Tom Lee says ETH has outperformed the S&P 500 by 1,696 basis points since the Iran War started. Bitmine’s MAVAN platform targets institutional staking at a projected $363 million annual reward rate. Bitmine Stacks 101,901 ETH in One Week

Lee continued:

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