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.
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