Bitmine Immersion Enables ETH Holdings to Reach 5.42 Million Tokens and Crypto and Cash Holdings of $11.6 Billion
Bitmine holds more than 4.49% of the ETH token supply, valued at $120.7 million. The company is nearly 90% of the way towards achieving its ‘Alchemy 5%’ target within just 11 months. Ethereum continues to benefit from two primary drivers: blockchain tokenisation by Wall Street and the increasing demand for neutral public blockchains by AI agent systems.
Bitmine currently has 4,718,677 ETH staked, representing $9.5 billion at a price of $2,003 per ETH. The Made in America Validator Network (MAVAN) serves as the primary Ethereum staking destination for BMNR and institutional investors, focusing on security, performance, and resilience. Additionally, Bitmine holds Eightco shares worth $93 million, which provides investors with indirect exposure to OpenAI.
Bitmine’s total crypto holdings, cash, and ‘moonshots’ have reached $11.6 billion, including 5.42 million ETH tokens and $446 million in cash. The company leads other crypto treasuries in terms of the speed of increasing crypto net asset value per share and high trading liquidity for BMNR stock. Bitmine is the 225th most traded stock in the US, with an average daily trading value of $628 million.
The company remains supported by a significant 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, all supporting Bitmine’s objective to acquire 5% of all ETH.
Bitmine Immersion Technologies (NYSE: BMNR) is a Bitcoin and Ethereum network company focused on crypto accumulation for long-term investment. As of 31 May 2026, the company’s crypto holdings consist of 5,416,901 ETH, 203 Bitcoin (BTC), $180 million in shares in Beast Industries, $93 million in Eightco Holdings shares, and total cash of $446 million.
‘Over the past week, we acquired 26,497 ETH. In our view, the ETH price does not reflect the fundamental strengthening of Ethereum. However, this is not surprising as we are in the early stages of the crypto spring. Bitmine is expected to reach the “alchemy 5%” by 2026,’ said Thomas ‘Tom’ Lee, Chairman of Bitmine.
Bitmine recently launched MAVAN, an institutional-grade staking platform. While initially developed to support Bitmine’s Ethereum treasury, MAVAN will expand to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. As of 31 May 2026, Bitmine’s total ETH holdings reached 4,718,677. ‘Bitmine has performed more ETH staking than any other entity worldwide. At scale, the estimated ETH staking reward is $296 million per year,’ Lee added.
Bitmine’s crypto holdings rank as the number one Ethereum treasury and the number two global treasury after MicroStrategy Inc. Bitmine has become one of the most heavily traded stocks in the US, ranking 225th among 5,704 US-listed stocks, positioned between Marathon Petroleum and Blackstone.