Bitmine owns 4.49% of the total ETH coin supply of 120.7 million
Bitmine is 90% 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 has 4,718,677 ETH staked, representing $9.5 billion at $2,003 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 $93 million of Eightco, now one of the only publicly traded stocks in the world that provides investors with indirect exposure to OpenAI.
Bitmine Crypto + Total Cash Holdings + “Moonshots” total $11.6 billion, including 5.42 million ETH tokens, total cash of $446 million, and other cryptocurrency holdings.
Bitmine leads its crypto treasury peers in both the speed of increase in crypto net asset value per share and the high trading liquidity of BMNR shares.
Bitmine is the 225th most traded stock in the US, trading $628 million per day (4-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., June 1, 2026 /PRNewswire/ — (NYSE: BMNR) Bitmine Immersion Technologies, Inc. (“Bitmine” or the “Company”), a Bitcoin and Ethereum networking company focused on accumulating cryptocurrencies for long-term investments, today announced Bitmine crypto + total cash + “moonshots” holdings totaling $11.6 billion.
As of May 31, 2026 at 2:00 pm ET, the Company’s cryptocurrency holdings consist of 5,416,901 ETH at $2,003 per ETH, 203 Bitcoin (BTC), a $180 million stake in Beast Industries, a $93 million stake in Eightco Holdings (“moonshots”), and total cash of $446 million. Bitmine’s ETH holdings represent 4.49% 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.
“Over the past week, we acquired 26,497 ETH. In our opinion, ETH prices do not reflect the strengthening of Ethereum fundamentals, but again, this is not surprising given that we are in the early stages of the crypto spring. Bitmine is expected to reach ‘5% alchemy’ sometime in 2026,” said Thomas “Tom” Lee, President of Bitmine.
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 31, 2026, Bitmine’s total staked ETH stands at 4,718,677 ($9.5 billion at $2,003 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 $296 million on an annualized basis (using a 7-day BMNR return of 2.73%),” Lee stated.
“Annualized staking revenue is now projected at $258 million. And these 4.7 million ETH are over 87% of the 5.42 million ETH held by Bitmine. Bitmine’s own staking trades generated a 7-day return of 2.73% (annualized),” Lee continued.
Bitmine’s cryptocurrency holdings reign as the number one Ethereum treasury and the number two treasury globally, behind Strategy Inc., which reportedly holds 843,738 BTC valued at $62 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 $628 million (4-day average, as of May 29, 2026), ranking 225th in the US, behind Marathon Petroleum (224th) and ahead of Blackstone (226th) among 5,704 US-listed stocks (statistics.com and Fundstrat research).
Bitmine management believes that 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 sometime in 2026; (ii) the Company’s expectations regarding the cryptocurrency market, including the belief that Ethereum continues to benefit from the double tailwinds of Wall Street tokenization on the blockchain and agent AI systems that increasingly need public, neutral blockchains; (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 planned expansion to serve institutional investors, custodians and ecosystem partners seeking best-in-class staking infrastructure, and projected annual staking revenue of $258 million and projected staking rewards of $296 million on an annualized basis (when ETH is fully committed); (v) statements about the benefits of Wall Street tokenization on the blockchain and agent AI systems that increasingly need public and neutral blockchains; (vi) management’s belief that the GENIUS Act and the SEC’s Crypto Project are as transformative for financial services as the United States’ action on August 15, 1971 that ended Bretton Woods and the USD on the gold standard; (vii) the Company’s characterization of ETH prices as not reflecting strengthening Ethereum fundamentals; and (viii) the Company’s characterization of market conditions as early stages of the crypto spring. 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.
