Bitmine increased its ETH holdings by 71,524 coins last week, while Tom Lee reiterated his view that the current phase is the "late-stage of the bear market."

Bitmine announced today (April 13) that its combined holdings of cryptocurrency, cash, and assets tied to its “Moonshot Plan” have reached $11.8 billion as of 3:30 PM U.S. Eastern Time on April 12, 2026. The company’s holdings include: - 4,874,858 ETH - 198 BTC - A $200 million investment in Beast Industries - An $85 million investment in Eightco Holdings (NASDAQ: ORBS) - $7.19 billion in cash Bitmine’s ETH holdings represent 4.04% of Ethereum’s total circulating supply (120.7 million ETH). “The Iran War, now in its seventh week, remains the biggest driver of global markets,” said Bitmine Chairman Thomas “Tom” Lee. “Since the conflict began, ETH has surged 17.4%—outperforming the S&P 500 by 1830 basis points to become the top-performing asset. We calculate ETH has beaten gold by 2743 basis points, proving it’s a reliable value storage tool during wartime.” “Ethereum continues to ride two major tailwinds: Wall Street’s push to tokenize assets on blockchain networks and growing demand for a proxy AI system on public, neutral blockchains,” Lee added. “Over the past four weeks, Bitmine has kept up an accelerated pace of weekly ETH purchases, as our fundamental analysis shows ETH is in the final stretch of a ‘mini cryptocurrency winter.’ Last week alone, we acquired 71,524 ETH—our highest weekly purchase rate since the week ending December 22, 2025,” Lee noted.