# Strategy Buys 34K BTC, Bitmine Crosses 4% of ETH Supply

*Author: David Christopher*
*Published: Apr 20, 2026*
*Source: https://www.bankless.com/es/read/news/strategy-buys-34k-btc-bitmine-crosses-4-of-eth-supply*

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Digital asset treasuries had a big Monday. Strategy acquired 34,164 BTC for about $2.54 billion, its largest buy since November 2024 which brings its total holdings to 815,061 BTC. Bitmine acquired 101,627 ETH and now holds 4.976 million ETH - over 4% of the total supply.

### What's the Scoop?
- **Strategy's BTC buy:** Between April 13-19, Strategy purchased 34,164 BTC at an average price of $74,395, spending about $2.54 billion. Total holdings now stand at 815,061 BTC, acquired at an average price of $75,527. The purchases were funded by selling new shares of MSTR stock and STRC preferred stock to the market.
- **Bitmine's ETH holdings:** [Bitmine now holds 4.976 million ETH](https://www.prnewswire.com/in/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-4-976-million-tokens-and-total-crypto-and-total-cash-holdings-of-12-9-billion-302746955.html), representing 4.12% of total ETH supply. Of that, 3.33 million [ETH is staked through MAVAN](https://www.bankless.com/read/news/bitmine-launches-institutional-eth-staking-platform), Bitmine's institutional-grade validator network, generating $221 million in annualized staking revenue at a 2.88% yield. The company's combined crypto, cash, and equity holdings total $12.9 billion.
- **Bitmine's pace:** Bitmine acquired 101,627 ETH in the past week alone, the highest single-week purchase rate so far this year. Tom Lee, Bitmine's chairman, said the company believes ETH is in the final stages of a "mini-crypto winter."
- **Market context:** Lee highlighted ETH outperforming the S&P 500 since the US-Iran conflict began, rising 41% from February lows. He attributed the outperformance to Wall Street’s growing tokenization activity and demand from agentic AI systems (as they need “public, neutral blockchains”).
[Bitmine Launches Institutional ETH Staking Platform on BanklessBitmine’s MAVAN platform launches with 3.14M staked ETH, targeting institutional clients and projecting nearly $300M in annual staking rewards.![](https://static.ghost.org/v5.0.0/images/link-icon.svg)BanklessDavid Christopher![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/thumbnail/bitmine-launches-institutional-eth-staking-platform-1774454644.png)](https://www.bankless.com/read/news/bitmine-launches-institutional-eth-staking-platform)
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