- Bitmine Immersion Technologies (BMNR) announced total crypto and cash holdings of $13.4 billion.
- The company reported holdings of 5,206,790 ETH, valued at approximately $12.3 billion at $2,366 per ETH.
- Bitmine stated it owns 4.31% of Ethereum’s total supply of 120.7 million ETH.
- The company disclosed that 4,712,917 ETH are currently staked, representing approximately $11.1 billion.
- Bitmine said it purchased 26,659 ETH valued at approximately $62.18 million.
- Total holdings also include 201 BTC, $775 million in cash, a $200 million stake in Beast Industries, and an $88 million stake in Eightco Holdings (NASDAQ: ORBS).
- Bitmine uplisted to the New York Stock Exchange (NYSE) from the NYSE American on April 9, 2026.
Bitmine Reports 5.21 Million ETH Holdings
Bitmine Immersion Technologies (BMNR) announced that its Ethereum holdings reached 5,206,790 ETH as of May 10, 2026. Based on an ETH price of $2,366, the company’s Ethereum holdings were valued at approximately $12.3 billion.
The company stated that its ETH holdings represent 4.31% of Ethereum’s total supply of 120.7 million ETH. Bitmine also said it is 86% of the way toward its stated “Alchemy of 5%” target within 11 months. According to the announcement, Bitmine purchased an additional 26,659 ETH valued at approximately $62.18 million. Bitmine further disclosed that 4,712,917 ETH are currently staked through its operations, representing approximately $11.1 billion based on the reported ETH valuation.
Crypto Holdings and Additional Investments
Bitmine reported that its total crypto, cash holdings, and “moonshots” amounted to $13.4 billion. In addition to Ethereum holdings, the company reported ownership of 201 Bitcoin (BTC) and total cash holdings of $775 million.
The company also disclosed a $200 million stake in Beast Industries and an $88 million stake in Eightco Holdings (NASDAQ: ORBS). Bitmine stated that Eightco is among the publicly listed equities providing investors indirect exposure to OpenAI. Bitmine said MAVAN (Made in America VAlidator Network) serves as a staking destination for BMNR and institutional investors, with a focus on security, performance, and resilience.
Ethereum Market Context
From May 04 to May 10, 2026, Ethereum (ETH) traded in a relatively stable range between $2,320 and $2,408. On May 04, ETH was priced around $2,340 with a market capitalization near $282 billion. The asset remained steady through May 05 and climbed close to $2,408 on May 06, briefly pushing its market cap toward $290 billion. During May 07 to May 09, Ethereum consolidated between $2,320 and $2,380 as overall market value fluctuated around $281 billion to $287 billion. By May 10, ETH continued holding above $2,330, maintaining a market capitalization in the range of roughly $281 billion to $286 billion amid renewed institutional and whale activity.
Compared to the previous week, Bitmine Immersion Technologies (BMNR) further expanded its Ethereum treasury strategy, increasing total ETH holdings from 5.18 million ETH to 5.21 million ETH. The company added 26,659 ETH worth approximately $62.18 million during the latest reporting period, bringing the total value of its Ethereum reserves to nearly $12.3 billion at an ETH price of $2,366. Bitmine’s share of Ethereum’s total circulating supply also increased from 4.29% to 4.31%, while staked ETH holdings rose from 4.36 million ETH to 4.71 million ETH, representing about $11.1 billion in staked assets. Total crypto and cash holdings climbed from $13.1 billion to $13.4 billion, supported by $775 million in cash reserves alongside strategic investments including 201 BTC, a $200 million stake in Beast Industries, and an $88 million stake in Eightco Holdings (NASDAQ: ORBS).
