TLDR
- Bitmine added 101745 ETH last week and raised total ETH holdings to 5.18M.
- Total crypto and cash holdings reached about $13.1B, the company reported.
- Bitmine said 4.36M ETH was staked, worth about $10.2B at $2,336 per ETH.
- The company reported $700M cash, 200 BTC, and two disclosed equity stakes.
- Tom Lee said Bitmine maintained faster ETH buying for four straight weeks.
Bitmine Immersion Technologies added 101,745 ETH last week. Its reported crypto and cash holdings reached about $13.1 billion. The company said its treasury includes 5,180,131 ETH, 200 BTC, $700 million in cash, and stakes in Beast Industries and Eightco Holdings. Chairman Tom Lee linked the update to staking income and Ethereum accumulation plans.
Bitmine Reports Larger Ethereum Treasury
Bitmine said its ETH holdings stood at 5,180,131 ETH as of May 3, 2026. The company valued the position using an ETH price of $2,336. It also reported 200 Bitcoin and total cash of $700 million. The company said its crypto and cash holdings reached about $13.1 billion. It also listed a $200 million investment in Beast Industries.
In addition, it reported an estimated $83 million stake in Eightco Holdings. Bitmine said its ETH position represents 4.29% of the total ETH supply. The company used an estimated supply figure of 120.7 million ETH.
The update follows another week of active Ethereum purchases. Tom Lee, chairman of Bitmine, said the company kept its faster buying pace. “In the past week, we acquired 101,745 ETH,” Lee said. He described the move as part of an accumulation strategy.
Staked ETH Reaches 4.36 Million
Bitmine reported 4,362,757 ETH stake as of May 3, 2026. The company valued ETH at about $10.2 billion. That value used the same ETH price of $2,336. The staked amount equals more than 84% of Bitmine’s total ETH holdings. The company said annualized staking revenue is now $297 million.
It also reported a seven-day annualized yield of 2.91%. Bitmine recently launched MAVAN, the Made in American VAlidator Network. The platform was developed to support its Ethereum treasury. The company said MAVAN may later serve institutions, custodians, and ecosystem partners.
Lee said Bitmine has staked more ETH than other entities. He also said full staking at scale could produce $352 million annually. That estimate used the reported 2.91% seven-day BMNR yield.
Lee Comments on Crypto Policy and Market Position
Lee referred to the CLARITY Act compromise text in his comments. He said the draft bans stablecoin yield on reserves. He also said activity-based rewards can be offered under the proposal. “This compromise is largely acceptable to us,” Lee said. He added that the company hopes to see the bill passed in 2026. He also cited prediction market odds for passage in 2026.
Lee said Ethereum continues to benefit from tokenization and agentic AI systems. He said public and neutral blockchains may be needed for these systems. He also said ETH may be viewed as a store of value and unit of exchange. Bitmine described itself as the largest Ethereum treasury. It also said it ranks behind Strategy Inc. among global crypto treasuries. Strategy reportedly owns 818,334 BTC valued at $64.2 billion.
The company also cited Fundstrat trading data, saying Bitmine stock had a five-day average daily dollar volume of $625 million as of May 1, 2026. It said this ranked number 173 among 5,704 U.S.-listed stocks. Bitmine tied its treasury growth to Ethereum accumulation, staking, policy developments, and long-term validator infrastructure.
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