# Bitmine reports 5.39 million ETH holdings and $12.3 b total assets

**Published:** 2026-05-26T12:30:00.000Z  
**Topic:** Ethereum  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/185b6604-e645-47dd-a9fb-e5a3093c0407

Bitmine Immersion Technologies holds 5.39 million ETH (4.47% of supply) and $12.3 b in crypto, cash and “moonshots,” signaling its push toward a 5% ETH target.

Bitmine Immersion Technologies disclosed that it now owns 5,390,404 ETH, representing about 4.47 % of the total Ethereum supply, and that its combined crypto, cash and “moonshot” assets total $12.3 b as of May 25, 2026 [1].

The company’s ETH stash grew by 111,942 tokens in the week prior to the report, a move its chairman Thomas “Tom” Lee calls an “attractive opportunity” after ETH slipped below $2,200. Bitmine’s total staked ETH stands at 4,712,917, valued at $10.1 b based on a $2,134 per‑ETH price, and the firm projects annual staking rewards of $276 m using a 2.75 % 7‑day yield [1]. The firm also holds 203 BTC, a $200 m stake in Beast Industries, and a $95 m position in Eightco Holdings (NASDAQ: ORBS), one of the few public equities offering indirect exposure to OpenAI [1].

Bitmine’s rapid accumulation places it 89 % of the way to its “Alchemy of 5 %” goal—owning 5 % of all ETH—within just 11 months of its strategy launch. The company recently uplisted to the New York Stock Exchange on April 9, 2026, and its stock now trades among the 200 most active U.S. equities, with an average daily dollar volume of $572 m over the prior five days [2]. Institutional backers such as ARK’s Cathie Wood, Founders Fund, Pantera, Kraken and Galaxy Digital support the push toward a larger ETH treasury [2].

The expansion underscores Bitmine’s belief that Ethereum will benefit from two “dual tailwinds”: Wall Street’s growing tokenization of assets on the blockchain and increasing demand from agentic AI systems for public, neutral networks [1]. By staking most of its ETH on its own Made‑in‑America Validator Network (MAVAN), Bitmine aims to offer institutional‑grade staking services while capturing high‑yield returns.

If Bitmine reaches its 5 % ETH target, it would become the world’s largest Ethereum treasury, potentially reshaping how public‑market investors gain exposure to crypto assets. The next milestone will be whether the firm can sustain its acquisition pace amid volatile ETH prices and regulatory scrutiny.

## Sources
1. Tradingview — [Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.39 Million Tokens, and Total Crypto and Total Cash Holdings of $12.3 Billion — TradingView News](https://www.tradingview.com/news/prnewswire:3dd9d8e0da2fd:0-bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-39-million-tokens-and-total-crypto-and-total-cash-holdings-of-12-3-billion/)
2. Investingnews — [Bitmine Immersion Technologies Announces ETH Holdings Reach 5.39 Million Tokens, and Total Crypto and Total Cash Holdings of $12.3 Billion | INN](https://investingnews.com/bitmine-immersion-technologies-announces-eth-holdings-reach-5-39-million-tokens-and-total-crypto-and-total-cash-holdings-of-12-3-billion/)

---
Cite as: TrendWatcher, "Bitmine reports 5.39 million ETH holdings and $12.3 b total assets", https://www.trendwatcher.in/article/185b6604-e645-47dd-a9fb-e5a3093c0407