Bitmine Immersion Technologies announced on May 4, 2026, that its total treasury—comprising cryptocurrencies, cash, and strategic investments—has reached $13.1 billion. The disclosure comes just weeks after the company's listing on the New York Stock Exchange on April 9. As of May 3, Bitmine reported a treasury consisting of 5,180,131 ETH (representing approximately 4.29% of the total global supply) and 200 bitcoin. Valued at $2,336 per ETH, the company's ethereum holdings alone are worth approximately $12.1 billion. The firm also disclosed $700 million in cash and $283 million in 'moonshot' investments, including stakes in Beast Industries and Eightco Holdings.
CLARITY Act as Catalyst, ETH Outperforms S&P 500
Bitmine Chairman Thomas Lee described the current market as the beginning of a 'crypto spring,' pointing to the potential passage of the CLARITY Act in the U.S. Senate as a primary catalyst. The proposed legislation, which recently received a compromise in its text, aims to regulate stablecoin yields while opening up activity-based rewards. 'This compromise is largely acceptable to us,' Lee said in a statement, noting that prediction markets now show a probability of over 60% for the bill's enactment in 2026. Lee emphasized that ETH is increasingly functioning both as a store of value and as a unit of account, especially in times of geopolitical instability. Since the start of the Iran conflict, Lee noted, ETH has outperformed the S&P 500 by 1,380 basis points.
Continued Accumulation and Heavy Staking Drive Recurring Income
During the past week, Bitmine purchased an additional 101,745 ETH. The company has also expanded its technical infrastructure through the Made in America Validator Network (MAVAN), an institutional-grade staking platform. Bitmine has already staked 4,362,757 ETH—approximately 84% of its total holdings—generating an annualized staking revenue of $297 million. Corporate data indicates that Bitmine now holds the world's largest ethereum treasury and the second-largest global cryptocurrency treasury, trailing only Strategy, which holds bitcoin valued at $64.2 billion. The company's stock has exhibited high liquidity, with an average daily dollar volume of $625 million. According to Fundstrat data, Bitmine is currently ranked as the 173rd most traded stock in the U.S., positioned between Cheniere Energy and DoorDash.