Bitmine Immersion Technologies, the world’s largest public Ether treasury, expanded its ETH position last week with a sizable purchase, adding 101,627 ETH during the week of April 13–19. The move, disclosed in a press release and an accompanying Form 8-K filed with the U.S. Securities and Exchange Commission, underscores a growing appetite for Ether among publicly traded crypto treasuries.

After the latest buy, Bitmine’s Ether holdings stand at 4,976,485 ETH, valued at roughly $11.5 billion at a reference price of $2,301 per ETH. The company’s balance sheet also includes 199 BTC, a stake in Beast Industries, a stake in Eightco Holdings, and about $1.12 billion in cash, bringing total crypto and cash holdings to about $12.9 billion. The disclosure cements Bitmine’s lead among public-company Ether treasuries and illustrates how crypto balance-sheet strategies are extending into traditional markets.

Key takeaways

• Bitmine added 101,627 ETH in the week of April 13–19, bringing its total to 4,976,485 ETH (≈$11.5 billion at $2,301/ETH).
• The company’s Ether holdings now represent more than 4% of the total Ether circulating supply, with Bitmine stating it is 82% of the way toward its long-running “alchemy of 5%” target.
• Bitmine’s broader balance sheet includes 199 BTC, stakes in Beast Industries and Eightco Holdings, and about $1.12 billion in cash, for a combined $12.9 billion in crypto and cash.
• Institutional staking expansion continues through the MAVAN platform, with 3.33 million ETH staked and annualized staking revenues surpassing $200 million.
• Public-market momentum follows Bitmine’s NYSE uplisting and expanded share buyback program, signaling a growing integra­tion of crypto treasuries into traditional equity markets.

Bitmine’s ETH accumulation and the public-treasury trend

The April purchase reinforces Bitmine’s pattern of aggressive ETH accumulation, a strategy it has pursued over multiple weeks. Tom Lee, Bitmine’s chairman, characterized the recent crypto cycle as a “mini-crypto winter” and suggested that the base case for ETH remains constructive as the sector recoveries take shape. “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,’” Lee said. The move aligns with a broader narrative in which public companies with transparent treasuries push into larger-scale ETH holdings to diversify reserves or leverage potential upside in Ether’s price trajectory.

With the latest addition, Bitmine’s ETH stake accounts for a sizable share of circulating Ether. The firm’s stated goal—to reach an “alchemy of 5%” of total Ether supply—has driven a measured, long‑term accumulation approach rather than rapid, speculative buying. Bitmine notes it is currently about 82% of the way toward that 5% milestone, a target that has likely shaped both its bid prices and timing of purchases in recent weeks. CoinGecko tracks Ether treasuries and provides a broader view of where Bitmine sits within the top holders, a context that helps readers understand the sector’s evolving ownership landscape.

The announcement coincides with Bitmine’s recent NYSE uplisting, which followed its transition from NYSE American and the expansion of its share buyback program. The move into a more visible, mainstream trading venue reflects a maturation of crypto-native balance-sheet strategies as investors increasingly scrutinize the asset mix and governance around treasury decisions in public markets.

From custody to yield: staking as a strategic lever

Beyond its treasury tally, Bitmine has intensified its staking operations through MAVAN (Made in America Validator Network), a platform designed to support institutional-grade Ethereum staking with a focus on security and performance. The company reports that about 3.33 million ETH are currently staked, generating annualized staking revenues north of $200 million. This shift toward staking as a revenue stream complements its treasury growth by converting idle Ether into cash-flow, illustrating how crypto treasuries can pursue yield strategies without sacrificing long-term ownership of the underlying asset.

Observers of the staking landscape note that liquid-staking options and governance participation will increasingly shape the economics of large Ether holdings. In related coverage, industry voices have highlighted the importance of liquidity and diversification for Ether treasuries seeking to outperform passive ETF or index-based exposures. Bitmine’s approach—combining large-scale staking with a diversified balance sheet—offers a concrete example of how institutions are balancing potential upside with risk management in a volatile market.

Market context and what to watch next

Bitmine’s latest update sits at the intersection of two ongoing narratives: the reintegration of crypto treasuries into mainstream markets and the ongoing debate over Ether’s demand dynamics as central-bank policy, macro risk, and sector adoption continue to evolve. The company’s leadership has framed the move as a deliberate, long-horizon program rather than opportunistic buying. If Ether maintains its recovery trajectory, Bitmine’s 5% aspiration could come into clearer view in the years ahead, potentially shaping a floor for treasury strategies across the sector.

Investors and market watchers will be watching for further developments in Bitmine’s staking operations, potential changes in its treasury composition, and any updates related to its NYSE-listed status and share buyback cadence. The company’s stance on liquidity, risk management, and governance around treasury decisions will be key indicators of how credible and scalable such public-entity crypto balance-sheet strategies can be in the wider capital markets.

Additionally, the trajectory of Ether itself—whether macro conditions permit sustained upside, if liquidity constraints tighten, or if regulatory scrutiny alters risk appetite—will influence the relevance and effectiveness of Bitmine’s strategy. As Lee noted at Paris Blockchain Week 2026, Ether could climb above $60,000 in the coming years if the market regime shifts favorably, a prospect that could validate Bitmine’s long-horizon approach and the broader push toward institutional custody of crypto assets.

For those tracking the sector, CoinGecko’s Ether treasury rankings remain a useful reference point for context on where Bitmine sits relative to other public holders, and SEC-disclosed filings will continue to offer transparent windows into the mechanics of large-scale purchases and treasury management. The latest filing confirms the scale and cadence of Bitmine’s buying program and reinforces the broader point: public-market players are increasingly treating crypto assets as strategic balance-sheet instruments rather than mere risk-on bets.

What’s next to watch is whether Bitmine sustains the weekly cadence of ETH purchases, how its MAVAN staking yields evolve amid changing network economics, and how the market absorbs further disclosure about treasury management as more traditional firms contemplate similar balance-sheet moves.

Source details and data: Bitmine’s press release and Form 8-K with the U.S. SEC confirm the 101,627 ETH purchase and the updated total of 4,976,485 ETH, valued at approximately $11.5 billion at a reference price of $2,301 per ETH. The company’s broader holdings include 199 BTC, stakes in Beast Industries and Eightco Holdings, and about $1.12 billion in cash, amounting to roughly $12.9 billion in total crypto and cash assets. The disclosure notes that 3.33 million ETH are staked, generating over $200 million in annualized staking revenue. CoinGecko is cited for context on Ether treasuries, and the narrative references Bitmine’s NYSE uplisting and expanded share buyback program as part of its public-market strategy. For additional context, the referenced SEC filing appears at the link accompanying the press release.

Kaspa gains steady traction as BlockchainFX draws attention ahead of launch.

Ever looked at an empty wallet and wondered why someone skipped that one coin everyone joked about before it turned into a gold mine? Missing out on life-changing gains hurts more than a rug pull, but finding the top crypto to buy and hold for short-term returns fixes everything.

The crypto market moves fast as Kaspa (KAS) news shows steady growth while BlockchainFX (BFX) prepares for its big debut. Many search for the top crypto to buy and hold for short-term gains as these two projects dominate recent trends.

BlockchainFX: The licensed multi-asset powerhouse dominating the BFX crypto presale 2026

BlockchainFX (BFX) is not just another token; it is a licensed multi-asset Super App designed to bridge decentralized finance with traditional markets. While most platforms lock users into one niche, this ecosystem allows for trading over 500 assets, including crypto, stocks, gold, and EUR/USD from one web3 interface. The BFX crypto presale 2026 is currently the top crypto to buy and hold for short-term utility because it solves the fragmentation problem in modern trading.

The project is moving at light speed. With over $14.26 million raised and 23,500+ participants already on board, the energy is undeniable. Early buyers are grabbing tokens at the current price of $0.035 because the demand is skyrocketing as people realize the guaranteed upside. The launch price is set at $0.05, which means early adopters secure a massive value increase before trading even begins.

Why early adopters are swapping other bags for BFX

The math behind the platform is designed for long-term wealth. Instead of just holding a speculative asset, BFX stakers receive daily rewards in both BFX and USDT. This comes from 70% of the platform trading fees being sent back to the community.

Massive financial upside and founder perks

The global market potential is staggering. Daily forex volume sits at $7.5T while crypto is only at $89B. This tiny 0.87% slice of the pie means BlockchainFX has massive room to expand. Participants who enter now can also unlock “Founder’s Club” perks, including up to $25,000 in trading credits and exclusive Visa cards that bridge crypto to real-world spending.

Huge $500,000 giveaway and launch news

The community is buzzing because a $500,000 giveaway is currently live. Ten lucky participants will split this massive pool of $BFX tokens. The top prize alone is $120,000. Additionally, the team has a major update: once the raise hits $15M, BlockchainFX will officially launch. Being so close to $14.2M means the clock is ticking. Use the bonus code CEX60 right now to secure 20% extra tokens on any purchase. This bonus turns a standard position into a powerhouse portfolio instantly.

The Kaspa price legacy: A lesson in speed

Kaspa news reminds everyone of what happens when a runner is caught early. Starting at an ICO price that was a fraction of a cent, Kaspa multiplied its value by hundreds of times. Early adopters who ignored the skeptics saw their small bags turn into massive fortunes.

Many people doubted the BlockDAG tech behind Kaspa early on, but those who held tight became wealthy. While that ship has sailed for those looking for 100x gains, the crypto world always provides a fresh start. Missing the Kaspa price explosion was a mistake, but not a final one.

Is BlockchainFX the top crypto to buy and hold for short-term gains?

The BlockchainFX presale is the clear answer for anyone tired of watching from the sidelines. With its $0.035 current price and the 20% extra tokens available via code CEX60, the potential for immediate ROI is massive. It captures the same energy that made early Kaspa buyers rich.

Do not let this be another story about the one that got away. Secure a spot in the BlockchainFX presale today to claim a share of the $500,000 giveaway and referral rewards. The move toward the $15M launch target is happening fast. This is the top crypto to buy and hold for short-term success in 2026.

Blockchain sleuth ZachXBT wrote on Sunday that the team behind RaveDAO is at least aware of who manipulated the price of its token, which saw an impossible 11,000% surge in price followed by a near immediate collapse.

“I found suspicious CEX (centralized crypto exchanges) activity on April 26 tied to RaveDAO team addresses onchain, which potentially contradicts their recent statements,” the blockchain investigator said.

In a separate post, ZachXBT flagged a transfer from a RAVE address used for “initial distribution” by RaveDAO from which roughly $23 million worth of tokens were transferred to two Bitget deposit addresses causing the price to drop 40% from $1 to $0.6.

RaveDAO posted a six-part X thread on Saturday, previously reported by CoinDesk, stating “we are aware of the rumors and accusations circulating regarding $RAVE and the RaveDAO team. We want to be clear: RaveDAO team is not engaged in, nor responsible for, recent price action.”

However, ZachXBT said, “given the supply concentration, the team at minimum knows who is responsible for this price action.”

In a separate X post, the investigator said, “you expect the community to believe RAVE went $60M -> $6B mkt cap organically in nine days with little to no utility? Considering your team handled the initial distribution with a low float it’s unlikely you do not know the party responsible for it.”

The RaveDAO token, which increased by nearly 11,000% in nine days from about $0.25 to $27.33, then plunged by over 90%, losing roughly $5.7 billion in market capitalization in just 48 hours. Its price currently hovers around $0.67.

The sleuth also said RAVE is not the only token with manipulation “we have seen on major centralized exchanges. It’s just the most blatant.” He also said it was highly unlikely the CEXs did not spot the massive $RAVE token price movements.

Reabold Resources, an investment company focused on developing European gas projects, said it is considering establishing a gas-powered bitcoin BTC$75,183.44 mining station in northern England.

The London-based company is exploring the potential to deploy a small power plant as a pilot for future data-center developments that are “crucial to the future U.K. economy,” it said in a statement on Monday.

Bitcoin production from the company’s West Newton A well site will be used to demonstrate the ability to use the gas to fuel data-center developments, the firm said. The announcement follows publication of a Telegraph article criticizing the plan at a time when the country could face gas shortages because of the war between Iran and the U.S. and Israel.

Concerns of potential gas shortage are unfounded according to a U.K. government statement in late March, which said gas supply will not be affected.

“Only about 1% of the U.K.’s gas supply in 2025 came from Qatar. We have no reason to expect it would be significantly different in 2026,” it said.

The Telegraph’s article said Reabold’s West Newton gas field is so large it could theoretically power the creation of 50,000 bitcoin tokens.

“A private gas supply means we can run a data centre to mine bitcoin relatively cheaply,” said Sachin Oza, the co-CEO of Reabold Resources, which has a drilling license by the Environment Agency.

“Initially, this would help fund the further development of the gas field and prove the concept – meaning it could become the precursor to a far larger data center.”

But, the firm said, “the significant onshore natural gas resource at the West Newton site in Yorkshire has and will continue to be progressed for the benefit of U.K. energy security, which is particularly important at this time of significant geopolitical uncertainty.”

Reabold’s plan for a bitcoin mining operation to broaden into a data center comes bitcoin mining is undergoing a transformation, with many companies diverting into high-performance computing and support for the AI industry.

The popular Spiderman meme showing three identical superheroes pointing fingers at each other is having its crypto moment today.

Kelp DAO is set to push back on LayerZero’s post-mortem of Sunday’s $290 million exploit, which essentially blames Kelp, a L2 source familiar with the matter told CoinDesk. Kelp plans to dispute the cross-chain messaging firm’s claim that it ignored repeated warnings to move away from a single-verifier setup. CoinDesk has reviewed and verified the memo Kelp plans to publish.

Kelp is a liquid restaking protocol that takes user-deposited ether, routes it through a yield-generating system called EigenLayer, and issues a receipt token, rsETH, in exchange.

LayerZero is the cross-chain messaging infrastructure that moves rsETH between blockchains, using entities called DVNs (decentralized verifier networks) to verify whether a cross-chain transfer is valid.

On Saturday, attackers drained 116,500 rsETH, worth about $290 million, from Kelp’s LayerZero-powered bridge by poisoning the servers that LayerZero’s verifier relied on to check transactions.

Kelp, the source said, is planning on saying the DVN that was compromised via what it calls a “sophisticated state-sponsored attack” was LayerZero’s own infrastructure, not a third-party verifier.

Attackers compromised two of LayerZero’s own servers that check whether cross-chain transactions are legitimate, then flooded the backup servers with junk traffic to force LayerZero’s verifier onto the compromised ones.

All of that infrastructure was built and run by LayerZero, not Kelp, the source claimed.

The source contested LayerZero’s framing of the “1/1 configuration” as a fringe choice made against guidance. LayerZero’s post-mortem said KelpDAO chose a 1-of-1 DVN setup despite expressing recommendations to configure multi-DVN redundancy.

A “1/1 configuration” means only a single validator must sign off on a cross-chain message for the bridge to act on it, leaving the system with no second check to catch a compromised or forged instruction. A multi-validator configuration (such as 2/3, 3/5, etc.) ensures there is no single point of failure that can approve a forged message on its own.

They added that, through a direct communications channel with LayerZero, which has been open since July 2024, they produced no specific recommendation for Kelp to change the rsETH DVN configuration.

LayerZero’s own quickstart guide and default GitHub configuration point to a 1/1 DVN setup, the source told CoinDesk, adding 40% of protocols on LayerZero are currently using the same configuration.

The configuration Kelp ran also appears in LayerZero’s own V2 OApp Quickstart, where the sample layerzero.config.ts wires every pathway with one required DVN and no optional DVNs. That’s the same 1/1 structure.

Kelp’s core restaking contracts were not touched, and the exploit was isolated to the bridge layer, they added. Its emergency pause, 46 minutes after the drain, blocked two follow-up attempts that would have released an additional ~$200 million in rsETH.

CoinDesk reached out to LayerZero for comment on the story and didn’t hear back by the time of publication.

‘Deflecting responsibility’

Security researchers are also not buying LayerZero’s isolated framing, which pinned the blame on Kelp.

Kelp is a liquid restaking protocol. Its core competency is staking infrastructure, EigenLayer integration, and liquid staking token management. When integrating with LayerZero, Kelp relied on LayerZero’s documentation, their defaults, and their team’s guidance to make configuration decisions, the source claimed.

Yearn Finance core team developer Artem K, who is popularly known as @banteg on X, posted a technical review of LayerZero’s public deployment code and said that the reference setup ships with single-source verification defaults across every major chain, including Ethereum, BSC, Polygon, Arbitrum and Optimism.

That deployment also leaves a public endpoint exposed that leaks the list of configured servers to anyone who queries it.

Banteg flagged in his analysis that he can’t prove which configuration Kelp used, but noted that LayerZero usually asks new operators to use its default setup, which its post-mortem criticized.

Chainlink community manager Zach Rynes put it bluntly on X, alleging that LayerZero was “deflecting responsibility” for its own compromised infrastructure and accused the company of throwing Kelp under the bus for trusting a setup LayerZero itself supported.

As such, LayerZero has said it will no longer sign messages for any application running a single-verifier setup, forcing a protocol-wide migration.

Read more: ‘DeFi is dead’: crypto community scrambles after this year’s biggest hack exposes contagion risk

Strategy, Michael Saylor’s flagship vehicle and the largest public holder of Bitcoin, has surpassed 800,000 BTC in total holdings after its latest purchases. The company disclosed in an 8-K filing with the U.S. Securities and Exchange Commission that it bought 34,164 BTC for $2.54 billion between April 13 and 19, at an average price of $74,395 per coin.

The new purchase lifts Strategy’s total BTC under custody to 815,061 coins, purchased for $61.56 billion. The firm had about 780,897 BTC after a $1 billion buy just a week earlier. By coin count, the April tranche ranks as Strategy’s third-largest BTC acquisition, behind 55,500 BTC and 51,780 BTC purchases made in November 2024.

Key takeaways

• New BTC haul: 34,164 BTC acquired for $2.54 billion (April 13–19), at an average price of $74,395 per coin.
• Funding mix: Stretch (STRC), the perpetual preferred security, supplied about $2.18 billion (roughly 85.7% of the total proceeds); Class A common stock contributed about $366 million.
• Record-pace activity via STRC ATM: The STRC at-the-market program delivered two consecutive days of heavy buying, with estimated BTC purchases rising to around 17,204 BTC across 11.9 million and 14.4 million shares sold, according to STRC Live—about a 518% surge versus the four-week average.
• Cost basis and scale: The purchase price sits slightly below Strategy’s overall average cost basis, reinforcing the company’s long-standing commitment to accumulating BTC.
• Future dividend signal: Strategy CEO Phong Le has signaled potential semi-monthly dividends for STRC, a unique feature among preferreds, a move the company says could be attractive.

Strategy expands its BTC stake with a mid-April buy

The363,164-BTC addition cements Strategy’s position as the world’s most prominent publicly traded Bitcoin holder. The deal, documented in an 8-K filing, shows the bulk of the purchase was executed through financing channels tied to STRC, the company’s perpetual preferred security. With the new BTC, Strategy’s total holdings stand at 815,061 BTC, a stake amassed for $61.56 billion to date.

For context, Strategy had been holding about 780,897 BTC after a $1 billion purchase a week prior, underscoring a rapid acceleration in accumulation over a short window. The new acquisition sits just below Strategy’s average cost of around $75,527 per BTC, illustrating a cautious approach to price levels over the course of the company’s investment program.

In a regulatory filing, Strategy confirmed the April purchases and reiterated that the company prioritizes a diversified approach to funding its Bitcoin stack, balancing debt-like instruments with equity capital. The size and cadence of the buys highlight how a very large corporate treasury can shape a single-asset narrative, particularly as BTC remains a focal point for corporate treasuries seeking to optimize risk/return over time.

STRC fuels the deal, underscoring the instrument’s role in Strategy’s strategy

The funding structure behind the latest BTC accumulation shows STRC playing a central role. The SEC filing indicates STRC generated $2.18 billion in proceeds from the sale of shares, accounting for roughly 85.7% of the total funding for the new purchase. By contrast, net proceeds from the sale of Class A common stock accounted for about $366 million.

Strategy’s leadership has repeatedly highlighted STRC as a key financing vehicle. Last week, co-founder and executive leadership signaled the potential for STRC to pay semi-monthly dividends, a rarity among preferred securities. In remarks cited by the filing, Strategy CEO Phong Le said, “If we were to move forward with paying STRC semi-monthly, we would be in category one, the only preferred in the world that pays semi-monthly dividends. We think this is unique and attractive.”

ATM program momentum and what it signals

The week’s activity also reflected STRC’s at-the-market program’s capacity to drive large, rapid purchases. STRC Live reported a new daily record on April 13 of about 7,741 BTC tied to the sale of 11.9 million STRC shares, generating more than $1 billion in trading volume. The following day, the program set another record with an estimated 9,364 BTC tied to the sale of 14.4 million shares. Combined, the two days accounted for roughly 17,204 BTC, marking a 518% increase versus the four-week average.

These figures illustrate how a perpetual preferred instrument can work in tandem with a strategic corporate treasury plan to widen exposure to Bitcoin quickly, leveraging market liquidity to scale holdings without committing to large, single-block equity raises.

Market implications and what investors should watch next

Strategy’s latest round of accumulation reinforces the company’s longstanding thesis: Bitcoin remains a core long-term asset, with corporate treasuries willing to deploy significant capital through diversified financing structures. For investors in Strategy and BTC, the coordination between STRC-based funding and large-scale purchases signals a sustained appetite for exposure to Bitcoin as a strategic reserve asset rather than a speculative position.

Key questions moving forward include how STRC dividends will evolve, whether subsequent purchases will follow the same financing pattern, and how regulators might view semi-monthly dividend structures tied to a crypto-asset strategy. Market participants will want to monitor further SEC disclosures and STRC Live updates for new guidance on payout schedules and any shifts in the ATM program’s cadence.

As Strategy continues to expand its BTC stash, eyes will remain on the company’s next steps and the potential ripple effects on corporate treasury behavior, Bitcoin price discovery, and the broader crypto market’s adoption by public-market players.

Readers should watch for additional updates from Strategy and STRC in the coming weeks, including any new 8-K filings or official statements on dividend structure and future ATM activity.