- 5.18 million ETH holdings reported by Bitmine
- Bitmine purchased 101,745 ETH
- $13.1 billion total crypto and cash holdings
- 4.29% of total ETH supply owned by the company
- $10.2 billion in staked ETH across 4.36 million tokens
- 86% progress toward the 5% ETH supply milestone
Bitmine Reports ETH Holdings and Total Assets
Bitmine Immersion Technologies (BMNR) announced that its Ethereum holdings have reached 5.18 million tokens. The company also reported total crypto and cash holdings of $13.1 billion, including $700 million in cash and additional digital assets. The company disclosed that it purchased 101,745 ETH as part of its accumulation strategy.
The firm stated that it owns more than 4.29% of the total Ethereum (ETH) supply, which stands at 120.7 million tokens. According to the update, Bitmine is 86% of the way toward reaching its stated “Alchemy of 5%” target within a 10-month period.
Staking Activity and Institutional Infrastructure
Bitmine disclosed that it has 4,362,757 ETH staked, representing approximately $10.2 billion based on a valuation of $2,336 per ETH. The company highlighted its involvement in MAVAN (Made in America VAlidator Network), describing it as a staking destination focused on security, performance, and resilience for institutional participants.
The firm also reported holding $83 million worth of Eightco (NASDAQ: ORBS), noting that the company provides indirect exposure to OpenAI through publicly listed equities.
Corporate Developments and Market Context
Bitmine confirmed that it uplisted to the New York Stock Exchange (NYSE) from the NYSE American, effective April 9, 2026. The company stated that “Crypto Spring has commenced,” noting that investor sentiment remains muted and bearish despite strengthening crypto prices.
Ethereum market activity during April 27 to May 3, 2026, showed prices ranging between $2,250 and $2,420, with an average near $2,300. Market capitalization remained between $275 billion and $285 billion during the same period, indicating low volatility and consolidation. Bitmine also highlighted two factors contributing to Ethereum’s ongoing usage: tokenization efforts from Wall Street and increasing demand from agentic AI systems utilizing public blockchain infrastructure.
Compared to previous week, when Bitmine Immersion Technologies held 5.078 million ETH, the company increased its holdings to 5.18 million ETH through an additional purchase of 101,745 ETH, with no further change observed this week. Its share of total Ethereum supply rose from 4.21% to 4.29% and has remained at that level. Staked ETH expanded from 3.70 million ($8.8 billion) to 4.36 million ($10.2 billion), holding steady in the latest week. Total crypto and cash holdings declined from $13.3 billion to $13.1 billion and have since remained unchanged, while progress toward the 5% supply target improved from 84% to 86% and stayed constant. Holdings in Eightco also decreased from $91 million to $83 million, with no additional movement this week.
