Business UpdateMay 11, 2026, 08:52 AM
Bitmine ETH Holdings Reach 5.21M Tokens; Total Crypto/Cash $13.4B
AI Summary
Bitmine Immersion Technologies announced total crypto and cash holdings of $13.4 billion, including 5.21 million ETH tokens, which constitutes 4.31% of the total ETH supply. The company has 4,712,917 ETH staked, valued at $11.1 billion, and recently uplisted to the NYSE. Chairman Tom Lee highlighted the commencement of 'Crypto Spring' and the significant potential for Ethereum, driven by Wall Street tokenization and agentic AI systems. Bitmine also launched MAVAN, an institutional-grade Ethereum staking platform, and aims to acquire 5% of ETH supply.
Key Highlights
- Total crypto and cash holdings reached $13.4 billion.
- ETH holdings are 5.21 million tokens, representing 4.31% of total ETH supply.
- 4,712,917 ETH tokens are staked, valued at $11.1 billion at $2,366 per ETH.
- Projected annual ETH staking reward is $352 million.
- Company holds $775 million in cash and $88 million in Eightco (NASDAQ: ORBS).
- Bitmine uplisted to the New York Stock Exchange (NYSE) on April 9, 2026.
- Launched MAVAN, an institutional-grade Ethereum staking platform.
Price Impact
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