Bitmine holds over 4.47% of the total ETH coin supply of 120.7 million
Bitmine is 89% of the way to ‘5% Alchemy’ in just 11 months
Ethereum continues to benefit from the two tailwinds of Wall Street tokenization on the blockchain and agent AI systems that increasingly need public, neutral blockchains.
Bitmine was listed on the New York Stock Exchange (“NYSE”) from the NYSE American effective April 9, 2026.
Bitmine has 4,712,917 ETH staked, representing $10.1 billion at $2,134 per ETH.
MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors, with a focus on security, performance, and resilience.
Bitmine owns $95 million of Eightco (NASDAQ: ORBS), now one of the only publicly traded stocks in the world that offers investors indirect exposure to OpenAI.
Bitmine Crypto + Total Cash Holdings + “Moonshots” total $12.3 billion, including 5.39 million ETH tokens, total cash of $444 million, and other cryptocurrency holdings.
Bitmine leads its crypto treasury peers by both the speed of increase in crypto net asset value per share and the high trading liquidity of BMNR shares.
Bitmine is the 193rd most traded stock in the US, trading $572 million per day (5-day average)
Bitmine remains backed by a leading group of institutional investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and personal investor Thomas “Tom” Lee to support Bitmine’s goal of acquiring 5% of ETH.
NORWALK, Conn., May 26, 2026 /PRNewswire/ — (NYSE: BMNR) Bitmine Immersion Technologies, Inc. (“Bitmine” or the “Company”), a Bitcoin and Ethereum Network company focused on accumulating cryptocurrencies for long-term investments, today announced Bitmine cryptocurrency holdings + total cash + “moonshots” totaling $12.3 billion.
The Company recently announced its addition to the New York Stock Exchange (“NYSE”) from the NYSE American on April 9, 2026. The Company’s common stock continues to trade under the symbol “BMNR.”
As of May 25, 2026 at 1:00 pm ET, the Company’s cryptocurrency holdings are comprised of 5,390,404 ETH at $2,134 per ETH (Coinbase NASDAQ: COIN), 203 Bitcoin (BTC), a $200 million stake in Beast Industries, a $95 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and total cash of 444 million dollars. Bitmine’s ETH holdings represent 4.47% of the ETH supply (of 120.7 million ETH).
On May 11, 2026, Bitmine published the president’s last message (link here) by May 2026.
“We continue to expect a supercycle for cryptocurrencies and Ethereum, driven by the two tokenization drivers of Wall Street and agent AI. And therefore, we continue to steadily acquire ETH, with Bitmine now holding almost 5.4 million ETH tokens,” said Thomas “Tom” Lee, President of Bitmine.
“Over the past week, we acquired 111,942 ETH. We view ETH’s recent pullback below $2,200 as an attractive opportunity. Bitmine is expected to reach ‘5% alchemy’ sometime in 2026,” Lee said.
Bitmine recently launched MAVAN (Made in American VAlidator Network), the institutional-grade staking platform. While MAVAN was originally developed to support Bitmine’s own Ethereum treasury, MAVAN intends to expand to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. A portion of Bitmine’s ETH is already staked on the MAVAN platform.
As of May 25, 2026, Bitmine’s total staked ETH stands at 4,712,917 ($10.1 billion at $2,134 per ETH). “Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine’s ETH is fully staked by MAVAN and its partners), the projected ETH staking reward is $276 million annually (using a 7-day BMNR yield of 2.75%),” Lee stated.
“Annualized staking revenue is now $276 million. And these 4.7 million ETH represent over 87% of the 5.39 million ETH held by Bitmine. Bitmine’s own staking trades generated a 7-day return of 2.75% (annualized),” Lee continued.
Cryptocurrency holding Bitmine reigns as the number one Ethereum treasury and the number two treasury globally, behind Strategy Inc. (NASDAQ: MSTR), which reportedly holds 818,869 BTC valued at $64.1 billion. Bitmine remains the largest ETH treasury in the world.
Bitmine is one of the most traded stocks in the United States. According to Fundstrat data, the stock has traded average daily dollar volume of $572 million (5-day average, as of May 22, 2026), ranking 193rd in the US, behind Trane Technologies (192nd) and ahead of Delta Airlines (194th) among 5,704 US-listed stocks (statistics.com and Fundstrat research).
The GENIUS Act and the Securities and Exchange Commission’s (the “SEC”) Project Crypto are as transformative for financial services in 2025 as the United States’ action on August 15, 1971 that ended Bretton Woods and the USD on the gold standard 54 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic titans of Wall Street and today’s financial and payment avenues. These turned out to be better investments than gold.
The president’s message can be found here:
https://www.Bitminetech.io/chairmans-message
The fiscal year 2025 results presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/
To stay informed, register at: https://Bitminetech.io/contact-us/
About BitMine
Bitmine (NYSE: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the world’s leading Ethereum treasury company, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of “the alchemy of 5%”, the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities, including decentralized and staking financial mechanisms. The Company launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in 2026.
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Forward-looking statements
This press release contains statements that constitute “forward-looking statements.” Statements contained in this press release that are not purely historical are forward-looking statements that involve risks and uncertainties. This document specifically contains forward-looking statements regarding: (i) the progress and achievement of the Company’s objectives with respect to the acquisition of ETH, including the ‘5% Alchemy’ initiative and the expectation that Bitmine will achieve this objective in 2026; (ii) the Company’s expectations regarding the cryptocurrency market, including the expectation of a future supercycle for cryptocurrencies and Ethereum driven by Wall Street tokenization and agent AI; (iii) continued growth and advancement of the Company’s Ethereum treasury strategy and the benefits applicable to the Company; (iv) the Company’s digital asset accumulation strategy and staking operations, including MAVAN, its expansion to serve institutional investors, custodians and ecosystem partners, and projected annual staking revenue and rewards of $276 million; (v) statements about the benefits of Wall Street tokenization on the blockchain and agent AI systems that increasingly need public and neutral blockchains; (vi) expectations regarding the potential impact of regulatory developments, including the GENIUS Act and the SEC’s Project Crypto, on financial services and digital assets; and (vii) the Company’s characterization of market conditions as an attractive opportunity for the acquisition of ETH. In evaluating these forward-looking statements, you should consider several factors, including: Bitmine’s ability to keep up with new technologies and changing market needs; Bitmine’s ability to fund its current business, Ethereum treasury operations and proposed future businesses; the competitive environment of Bitmine’s business; market conditions affecting the trading price of the Company’s common stock; regulatory developments affecting digital assets, including the final enactment and implementation of pending legislation and SEC initiatives; the volatility and unpredictability of digital asset prices; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in the forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine’s control, including those set forth in the Risk Factors section of Bitmine’s Form 10-K filed with the SEC on November 21, 2025, as well as all other filings with the SEC, as amended or updated from time to time. Copies of Bitmine’s SEC filings are available on the SEC website at www.sec.gov. Bitmine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
