Bitmine Immersion Technologies announced on May 4, 2026, that its total holdings—including cryptocurrency, cash, and strategic investments—have reached $13.1 billion. The disclosure comes just weeks after the company's April 9 uplisting to the New York Stock Exchange, signaling rapid growth.
As of May 3, Bitmine's treasury consisted of 5,180,131 ETH (representing approximately 4.29% of 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 company also disclosed $700 million in cash and $283 million in "moonshot" investments, including stakes in Beast Industries and Eightco Holdings.
Ethereum Dominates Holdings, Staking Yields Strong
Bitmine Chairman Thomas Lee characterized the current market as the dawn of a "Crypto Spring," citing the potential passage of the CLARITY Act in the U.S. Senate as a primary catalyst. The proposed legislation, which recently saw a compromise in text, seeks to regulate stablecoin yields while allowing for activity-based rewards. "This compromise is largely acceptable to us," Lee said in a statement. Prediction markets now show a better than 60% chance of the bill passing in 2026.
Lee emphasized that ETH is increasingly serving as both a store of value and a unit of exchange, particularly amid geopolitical instability. Since the start of the Iran War, ETH has outperformed the S&P 500 by 1,380 basis points.
Over the past week, Bitmine acquired 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—roughly 84% of its total holdings—generating an annualized staking revenue of $297 million.
Second-Largest Crypto Treasury Globally, Trading Volume Surpasses DoorDash
Company data indicates that Bitmine now holds the largest Ethereum treasury in the world and the second-largest global cryptocurrency treasury, trailing only Strategy, which holds Bitcoin valued at $64.2 billion. The company's stock has seen high liquidity, with an average daily dollar volume of $625 million. According to Fundstrat data, Bitmine currently ranks as the 173rd most traded stock in the United States, positioned between Cheniere Energy and DoorDash.
Previously, Bitmine crossed the 5 million ETH threshold in April and now holds 4.21% of total Ethereum supply, steadily moving toward its 5% goal. With the CLARITY Act advancing and institutional adoption accelerating, Bitmine is poised to become a pivotal player in the Ethereum ecosystem.