Bitmine Immersion Announces Ownership of 5.18 Million ETH Tokens, and Total Crypto and Cash Holdings of $13.1 Billion

Bitmine owns more than 4.29% of the total ETH coin supply of 120.7 million. Bitmine has reached 86% of its ‘Alchemy of 5%’ target in just 10 months. Crypto Spring has begun, and like previous cycles, investor sentiment and confidence remain subdued and bearish even as crypto prices strengthen. Ethereum continues to benefit from two main driving factors: tokenisation on the blockchain by Wall Street and agentic AI systems that increasingly require neutral public blockchains. Bitmine has uplisted to the New York Stock Exchange (“NYSE”) from NYSE American since 9 April 2026. Bitmine holds 4,362,757 ETH staked, representing $10.2 billion at $2,336 per ETH. MAVAN (Made in America Validator Network) is the primary Ethereum staking destination for BMNR and institutional investors, focusing on security, performance, and resilience. Bitmine holds $83 million in Eightco (NASDAQ: ORBS), now the world’s only public equity providing indirect exposure to OpenAI for investors. Bitmine’s total crypto + cash holdings + “moonshots” amount to $13.1 billion, including 5.18 million ETH tokens, $700 million in cash, and other crypto holdings. Bitmine leads other crypto treasuries in the speed of increasing crypto NAV per share and high trading liquidity of BMNR shares. Bitmine is the 173rd most traded stock in the US, with daily trading volume of $625 million (5-day average). Bitmine remains supported by a key group of institutional investors including Cathie Wood of ARK, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and private investor Thomas “Tom” Lee to support Bitmine’s goal of acquiring 5% of ETH. Norwalk, Conn., (ANTARA/PRNewswire)- (NYSE: BMNR) Bitmine Immersion Technologies, Inc. (“Bitmine” or “the Company”), a Bitcoin and Ethereum Network company focused on long-term crypto accumulation, today announced its crypto + total cash + “moonshots” holdings totalling $13.1 billion. Recently, Bitmine announced its uplisting to the New York Stock Exchange (“NYSE”) from NYSE American on 9 April 2026. Bitmine’s common shares continue to trade under the symbol “BMNR”. As of 3 May 2026 at 4:30 p.m. ET, the Company’s crypto holdings consist of 5,180,131 ETH at $2,336 per ETH (Coinbase NASDAQ: COIN), 200 Bitcoin (BTC), $200 million in Beast Industries shares, $83 million in Eightco Holdings (NASDAQ: ORBS) shares (“moonshots”), and total cash of $700 million. Bitmine’s ETH holdings represent 4.29% of the ETH supply (120.7 million ETH). “The US Senate has released the compromise text of the CLARITY Act, and although it prohibits stablecoin yields on reserves, activity-based ‘rewards’ may be offered, in an effort to balance the needs of protecting existing custodial institutions (alias traditional banks). This compromise is largely acceptable to us, and we look forward to seeing this bill passed in 2026,” said Thomas “Tom” Lee, Chairman of Bitmine. “Prediction markets (polymarket.com) now have >60% chance of passage in 2026, the highest probability in over a month.” “Crypto Spring, in our view, has begun and like previous cycles, investor sentiment and confidence remain subdued and bearish even as crypto prices strengthen. We believe that the potential passage, or even failure, of the CLARITY bill confirms the arrival of crypto spring. As for the upcoming crypto profit drivers, Ethereum continues to benefit from the double pull of Wall Street tokenising on the blockchain and from agentic AI systems that increasingly require public and neutral blockchains,” said Lee. “Ethereum remains the most widely used and reliable smart contract blockchain for tokenisation and is highly suited for the coming resurgence of agent trading. And increasingly, we believe ETH will be viewed as a store of value and unit of exchange. This role for ETH has arguably been demonstrated by its outstanding performance since the Iran War began. ETH has outperformed the S&P 500 by 1,380 basis points since the war started and remains one of the best-performing assets in the world (besides crude oil prices),” said Lee. “Bitmine has maintained an increasing pace of ETH purchases over the last four weeks, as our base case for ETH is in the late stages of a ‘mini crypto winter’. In the past week, we acquired 101,745 ETH, continuing our aggressive accumulation strategy,” said Lee. Recently, Bitmine launched MAVAN (Made in American VAlidator Network), an institutional-grade staking platform. Although initially developed to support Bitmine’s Ethereum treasury, MAVAN will be expanded 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 3 May 2026, Bitmine’s total staked ETH reached 4,362,757 ($10.2 billion at $2,336 per ETH). “Bitmine has staked more ETH than any other entity in the world. On a large scale (when Bitmine’s ETH is fully staked by MAVAN and its staking partners), the projected ETH staking rewards are $352 million per year (using BMNR’s 7-day yield of 2.91%),” said Lee. “Annualised staking income now reaches $297 million. And these 4.4 million ETH are more than 84% of the 5.18 million ETH owned by Bitmine. Bitmine’s own staking operations generate a 7-day yield of 2.91% (annualised),” continued Lee. Bitmine’s crypto holdings rank as the No. 1 Ethereum treasury and the global No. 2 treasury after Strategy Inc. (NASDAQ: MSTR), which reportedly holds 818,334 BTC worth $64.2 billion. Bitmine remains the world’s largest ETH treasury. Bitmine has become