Business UpdateMay 18, 2026, 08:51 AM
Bitmine ETH Holdings Hit 5.28M Tokens; Total Crypto/Cash $12.6B
AI Summary
Bitmine Immersion Technologies announced its ETH holdings reached 5.28 million tokens, contributing to total crypto and cash holdings of $12.6 billion. The company now owns over 4.37% of the total ETH supply and is 87% towards its 5% goal. Bitmine also highlighted its recent uplisting to the NYSE, the launch of its institutional staking platform MAVAN, and its position as the world's largest ETH treasury.
Key Highlights
- Total crypto and cash holdings reached $12.6 billion.
- ETH holdings increased to 5.28 million tokens, representing 4.37% of total ETH supply.
- 4,712,917 ETH are staked, valued at $10.3 billion, with annualized staking revenues of $289 million.
- Uplisted to the New York Stock Exchange (NYSE) from NYSE American on April 9, 2026.
- Launched MAVAN, an institutional-grade Ethereum staking platform.
- Holds $685 million in total cash and $83 million in Eightco (NASDAQ: ORBS).
- Acquired 71,672 ETH in the past week, viewing pullback below $2,200 as attractive.
- BMNR is the 133rd most traded stock in the US, with $857 million average daily volume.
Price Impact
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