Bitmine Immersion Technologies said its combined crypto holdings, cash, and “moonshots” investments reached $12.3 billion as of 1:00 p.m. ET on May 25, 2026. The company listed 5,390,404 ETH valued at $2,134 per token, along with 203 BTC, $444 million in cash, a $200 million stake in Beast Industries, and a $95 million stake in Eightco Holdings.
ETH stake equals 4.47% of supply
Based on the figures in the release, Bitmine’s ETH position represents 4.47% of the reported 120.7 million ETH supply. Chairman Thomas “Tom” Lee said the company acquired 111,942 ETH over the past week and described the pullback in ETH to below $2,200 as an attractive entry point. He also said Bitmine is expected to reach its “alchemy of 5%” target sometime in 2026.
More than 4.7 million ETH already staked
Bitmine said total staked ETH stood at 4,712,917, or about $10.1 billion using the same ETH price. That accounts for more than 87% of the company’s total ETH holdings. Lee said projected annual staking rewards could reach $276 million at scale, using a 2.75% 7-day BMNR annualized yield figure.
The staking activity is tied to MAVAN, Bitmine’s institutional-grade validator network. The company said the platform was built first to support its own Ethereum treasury and is intended to expand to institutional investors, custodians, and ecosystem partners.
BMNR ranks among actively traded US stocks
Bitmine also highlighted the liquidity of its shares. Citing Fundstrat data, the company said BMNR posted an average daily dollar trading volume of $572 million over the last five trading days as of May 22, 2026, ranking No. 193 among 5,704 US-listed stocks. The company had previously moved from NYSE American to the New York Stock Exchange on April 9, 2026, while keeping the ticker BMNR.
Bitmine said it continues to be backed by a group of institutional investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and Tom Lee personally. The company described itself as the largest ETH treasury in the world and said its crypto treasury ranks second globally behind Strategy Inc., which it said holds 818,869 BTC valued at $64.1 billion.