Bitmine Immersion Technologies, the world's largest Ethereum-based digital asset treasury, added 71,252 ETH in the week ending April 5, according to an updateon Monday.

The purchase raised the company's total holdings to 4.803 million ETH, worth about $10.3 billion at current prices.

"Bitmine has maintained the increased pace of ETH buys in each of the past four weeks, as our base case ETH is in the final stages of the 'mini-crypto winter,'" Executive Chairman Tom Lee said in a statement. "In the past week, we acquired 71,252 ETH which is the highest pace of buys since the week of December 22, 2025."

For the week ending Dec. 22, Bitmine added 98,852 ETH.

With its latest round of purchases, Bitmine said it now owns 3.98% of the total ETH token supply. The firm has previously said it intends to accumulate 5% of the circulating ETH supply. 

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Wartime store of value

Lee continued to tout Ethereum as a strong investment amid the conflict raging in Iran, noting that ether is "the second best performing asset" since the war began six weeks ago. 

"ETH remains the second best performing asset since the start of the war, with a 6.8% gain and outperforming the S&P 500 by 1,130bp. And ETH beating gold by 1,840bp demonstrates ETH is the wartime store of value," Lee said. "The war has placed downward pressure on global markets, so it is impressive to see ETH as one of the few to rise on an absolute basis."

Bitmine also said its total of staked ETH is at 3,334,637 ether, or $7.1 billion at $2,123 per token. "Bitmine has staked more ETH than other entities in the world," Lee added.

Ethereum was up over 5% Monday, changing hands at $2,143.50 as of 9:52 a.m. ET, according to The Block Ethereum price page.

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