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Bitmine reports $13.4 billion in crypto holdings with 5.21 million ETH

May 11, 2026 8:31 AM

Bitmine Immersion Technologies Inc. (NYSE: BMNR) announced its cryptocurrency and cash holdings totaled $13.4 billion as of May 10, 2026. The company holds 5.21 million Ethereum tokens valued at $2,366 per token, representing 4.31% of the total ETH supply of 120.7 million tokens.

The company's holdings include 5.21 million ETH tokens, 201 Bitcoin, $775 million in cash, a $200 million stake in Beast Industries, and an $88 million stake in Eightco Holdings (NASDAQ: ORBS). Bitmine has staked 4.71 million ETH tokens worth $11.1 billion through its MAVAN staking platform, generating annualized staking revenues of $319 million.

Bitmine completed its uplisting to the New York Stock Exchange from NYSE American on April 9, 2026, continuing to trade under the ticker BMNR. The stock has averaged $816 million in daily trading volume over a five-day period, ranking as the 149th most traded stock in the United States.

Chairman Thomas Lee stated the company has slowed its weekly ETH acquisition pace from over 100,000 tokens per week, having originally targeted reaching 5% of ETH supply by late 2026. The company acquired over 1 million ETH tokens since the start of 2026.

The company launched MAVAN as an institutional-grade staking platform, originally developed for Bitmine's Ethereum treasury but intended to expand services to institutional investors and custodians. MAVAN generated a 7-day yield of 2.86% annualized for the company's staking operations.

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