Bitmine Immersion Technologies announced on May 4, 2026, that its total holdings—spanning cryptocurrency, cash, and strategic investments—have reached $13.1 billion. The disclosure comes weeks after the company’s uplisting to the New York Stock Exchange on April 9.
Ethereum Dominates Holdings
As of May 3, Bitmine’s treasury comprises 5,180,131 Ethereum—roughly 4.29% of the global supply—and 200 Bitcoin. Valued at $2,336 per ETH, the ether holdings alone are worth approximately $12.1 billion. The company also holds $700 million in cash and $283 million in “moonshot” investments, including stakes in Beast Industries and Eightco Holdings.
Bitmine Chairman Thomas Lee characterized the current market as the start 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, noting that prediction markets now show a better than 60% chance of the bill passing in 2026.
ETH Outperforms Amid Geopolitical Tensions
Lee emphasized that Ethereum 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, Lee noted, 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.
Global Treasury Rankings and Stock Liquidity
Company data indicates that Bitmine now holds the largest Ethereum treasury in the world and the second-largest global cryptocurrency treasury, trailing only Strategy (formerly MicroStrategy), which holds bitcoin valued at $64.2 billion.
Bitmine’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.
With its $13.1 billion treasury and aggressive ETH accumulation, Bitmine is positioning itself at the forefront of the institutional crypto adoption wave. The company’s focus on staking infrastructure and its bullish stance on the CLARITY Act set the stage for what Lee calls a transformative period for digital assets.