#Bitmine ($BMNRon) just dropped its April 20, 2026, holdings update, and the numbers are hard to ignore.

Holdings Snapshot:

• 4.976M ETH- 4.12% of total $ETH supply (120.7M)

• 3.33M ETH actively staked via MAVAN at 2.88% yield

• Annualised staking revenue: $221M

• Projected staking revenue at full scale: $330M/year

• 199 $BTC

• $1.12B in cash

• 107M stake in Eightco holdings ( $ORBS)- one of the few public equities with direct OpenAI exposure

• $200M stake in Beast Industries

• Total crypto + cash + moonshots: $12.9B

What makes this significant:

- Bitmine is now the #1 Ethereum treasury globally and the #2 crypto treasury in the world, only behind Strategy ( $MSTR), currently the largest BTC treasury globally.

- They acquired 101,627 ETH in just the last week, the highest weekly buy pace since December 2025.

They're 82% of the way to owning 5% of all ETH, in just 9 months.

The bigger picture:

Tom Lee sees ETH as the best performing war-time asset, up 41% from February lows and outperforming the S&P 500 by 2,280 basis points since the conflict began.

Bitmine isn't just accumulating ETH. They're staking it at scale, generating real yield, and positioning for what they believe is the final stage of the crypto winter.

The 5% milestone is closer than most realise.