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

BlockBeats News, April 13, Bitmine today announced that its total holdings of cryptocurrency, cash, and "Moonshot Plan" have reached 11.8 billion USD. As of April 12, 2026, 3:30 PM ET, the company's cryptocurrency holdings include:

· 4,874,858 ETH

· 198 BTC

· $200 million investment in Beast Industries

· $85 million investment in Eightco Holdings (NASDAQ: ORBS)

· and $7.19 billion in cash.

Bitmine's ETH holdings represent 4.04% of the total ETH supply (120.7 million ETH).

Bitmine's Chairman Thomas "Tom" Lee stated: "The Iran War has entered its seventh week, remaining the most significant driver of the global markets. ETH has risen by 17.4% since the start of the war, outperforming the S&P 500 by 1830 basis points, making it the best-performing asset. We believe ETH has outperformed gold, proving ETH is a valuable asset during wartime."

"Ethereum continues to benefit from two major tailwinds: Wall Street tokenizing on the blockchain, and the increasing demand for a proxy AI system on a public neutral blockchain," Lee continued. "Bitmine has maintained an accelerated pace of ETH purchases every week in the past four weeks because our fundamental assessment is that ETH is in the final stage of the 'mini cryptocurrency winter.' In the past week, we acquired 71,524 ETH, marking the highest purchase rate since the week of December 22, 2025," Lee stated.