TLDR
- Bitmine added 71,672 ETH in one week, lifting reported holdings to 5.28 million tokens total.
- The company says its ETH stake now equals 4.37% of Ethereum’s 120.7 million token supply.
- Bitmine reported 4.71 million staked ETH, with annualized staking revenue currently at $289 million annually.
- MAVAN now supports Bitmine’s treasury and may later serve institutions, custodians, and ecosystem partners too.
- Bitmine says its crypto, cash, and moonshot holdings reached $12.6 billion by May 17, 2026.
Bitmine Immersion Technologies said its Ethereum treasury reached 5.28 million ETH as of May 17, 2026. The company also said it bought 71,672 ETH during the past week. Its crypto, cash, and selected equity holdings now total $12.6 billion, according to the release.
Bitmine Reports 5.28M ETH After Weekly Purchase
Bitmine said its ETH holdings reached 5,278,462 tokens, valued at $2,191 per ETH. The company said the figure equals 4.37% of the 120.7 million ETH supply. It described the latest purchase as part of its plan to reach 5% of Ethereum.
Chairman Thomas “Tom” Lee said the market pullback gave Bitmine another chance to add ETH. “We view the recent pullback of ETH to below $2,200 as an attractive opportunity,” Lee said. He also said Bitmine could reach the “alchemy of 5%” sometime in 2026.
The company reported 202 Bitcoin and total cash of $685 million. It also listed a $200 million stake in Beast Industries. In addition, Bitmine reported an $83 million stake in Eightco Holdings, which trades on Nasdaq as ORBS.
Bitmine called the Beast Industries and Eightco stakes “moonshots” in its release. It said these holdings form part of its broader crypto and cash total. The total included ETH, Bitcoin, cash, and the listed equity stakes.
Staked ETH Climbs Above 4.7 Million
Bitmine said its staked ETH stood at 4,712,917 tokens as of May 17. That amount was valued at $10.3 billion using the stated ETH price. It represented more than 89% of Bitmine’s reported Ethereum holdings.
The company said annualized staking revenue reached $289 million. Lee said the 7-day BMNR staking yield was 2.80% on an annualized basis. He said projected rewards could reach $324 million when all ETH is staked.
Bitmine also pointed to MAVAN, its Made in America Validator Network. The platform was built to support Bitmine’s Ethereum treasury. However, the company said MAVAN may also serve institutional investors, custodians, and ecosystem partners.
Lee said Bitmine has staked more ETH than any other entity. That statement was based on the company’s view of public and private staking data. The company said a portion of its ETH already uses MAVAN.
Regulatory Update and Market Position
Bitmine linked its Ethereum strategy to expected changes in United States crypto rules. The company cited the CLARITY Act, which cleared the Senate Banking Committee last week. It said the bill may give crypto firms clearer rules for products and trading.
Lee said the bill still faces more steps before it can become law. “There are still many steps and hurdles to overcome before the CLARITY Act becomes law,” Lee said. He said Bitmine believes passage odds are above 61%, citing Polymarket data.
Bitmine also said BMNR ranks among the most traded stocks in the United States. Fundstrat data put its five-day average dollar volume at $857 million by May 15. The company said BMNR ranked 133rd among 5,704 U.S.-listed stocks.
Bitmine moved from NYSE American to the New York Stock Exchange on April 9, 2026. The common stock still trades under BMNR. The release placed Bitmine behind Strategy among global crypto treasuries. Strategy reportedly held 818,869 Bitcoin, valued at $64.1 billion.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
