On April 27, the Ethereum custody firm BitMine Immersion Technologies announced that it increased its holdings by 101,901 ETH last week, bringing its total ETH holdings to approximately 5.08 million. According to Dropstab data, BitMine’s ETH investment is about $17.6 billion, and as of the time of the announcement, its unrealized loss exceeds $6.5 billion.
Latest buy-in size and two weeks of large consecutive purchases
According to BitMine’s official announcement on April 27, 2026, the 101,901 ETH it purchased last week was the second consecutive large-scale buy after adding 101,627 ETH one week earlier (the company’s largest week of accumulation since December 2025). In total, it accumulated more than 200,000 ETH over the two-week period.
BitMine is supported by Fundstrat’s Tom Lee and is an Ethereum custody firm listed on the New York Stock Exchange. According to data from Yahoo Finance, BMNR stock is down more than 20% year to date.
Unrealized loss size and staking reward mechanism
(Source: DropsTab)
According to Dropstab data, BitMine’s total ETH investment is about $17.6 billion. As of the latest announcement, its unrealized loss has already exceeded $6.5 billion, reflecting that Ethereum’s recent price is below BitMine’s average purchase cost.
BitMine currently has staked about 3.7 million ETH and earns staking rewards by helping maintain the security of the Ethereum network and validating transactions.
Current state of the ETH market
According to TradingView data, Ethereum rebounded to above $2,400 last week, after having previously fallen to a low near $1,800 in early 2026. Ethereum is still down about 23% year to date, making it the second-largest cryptocurrency by market capitalization.
Frequently asked questions
How much ETH has BitMine added in its latest announcement, and what is its cumulative holdings?
According to BitMine’s official announcement on April 27, 2026, the company added 101,901 ETH last week, bringing its total ETH holdings to approximately 5.08 million. Combined crypto and cash reserves total approximately $13.3 billion; it also added 101,627 ETH in the prior week.
What is the size of BitMine’s ETH unrealized loss?
According to Dropstab data, BitMine’s total ETH investment is about $17.6 billion. As of the latest announcement on April 27, 2026, its unrealized loss has already exceeded $6.5 billion. The difference reflects the gap between its average purchase cost and the current market price.
How much ETH has BitMine staked, and what are the staking proceeds used for?
According to BitMine’s official announcement, the company has staked about 3.7 million ETH and earns staking rewards by helping maintain the security of the Ethereum network and validating transactions.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Slow Mist Detects EIP-7702 Exploit: QNT Reserve Pool Loses 1,988.5 QNT (~$54.93M in ETH)
Gate News message, April 29 — Slow Mist detected a malicious transaction exploiting a vulnerability in an EIP-7702 account, resulting in the loss of 1,988.5 QNT (approximately 54.93 ETH) from a QNT reserve pool.
The vulnerability stemmed from a structural flaw in the reserve pool's access
GateNews3m ago
BTC Below $73,151 Could Trigger $1.122B in Long Liquidations on Major CEXs
Gate News message, April 29 — According to Coinglass data, if Bitcoin falls below $73,151, cumulative long liquidations on major centralized exchanges would reach $1.122 billion.
Conversely, if BTC breaks above $80,203, cumulative short liquidations on major CEXs would reach $956 million.
GateNews1h ago
Newly Created Wallet Receives Additional 20,000 ETH from CEX, Total Holdings Reach 45,000 ETH
Gate News message, a newly created wallet has received an additional 20,000 ETH (valued at $45.85 million) from a CEX, likely belonging to Bitmine. According to Onchain Lens, this wallet previously received 25,000 ETH ($57.13 million) from BitGo on April 29, 2026. The wallet has now accumulated a to
GateNews2h ago
DeFi United Rescue Initiative Raises Over 137,700 ETH Worth $315.45 Million
Gate News message, April 29 — The DeFi United rescue initiative led by Aave has raised 137,708.343 ETH, valued at approximately $315.45 million, according to official data.
GateNews3h ago
ETH Liquidation Thresholds: $785M in Long Liquidations at $2,174, $759M in Short Liquidations at $2,399
Gate News message, April 29 — According to Coinglass data, if Ethereum falls below $2,174, the cumulative long liquidation strength across major CEXs will reach $785 million.
Conversely, if ETH breaks above $2,399, the cumulative short liquidation strength across major CEXs will reach $759 million.
GateNews3h ago
BitMine Stakes Additional 107,992 ETH Worth $248M in Two Hours
Gate News message, April 29 — According to OnchainLens, BitMine, Ethereum's leading staking service provider, staked an additional 107,992 ETH worth approximately $248 million two hours ago.
BitMine's total staked ETH now reaches 3,923,389 tokens, valued at approximately $8.98 billion.
GateNews4h ago
