Bitmine’s Ethereum Holdings Hit 5.18 Million After New 101,745 ETH Purchase

Highlights:

• Bitmine’s Ethereum stack reached 5.18 million ETH after another major weekly purchase.
• Ethereum now makes up nearly 92.4% of Bitmine’s total $13.1 billion holdings.
• Bitmine’s staked ETH is generating steady revenue as it expands its Ethereum treasury strategy.

Bitmine Immersion Technologies has made another large Ethereum purchase, strengthening its position as one of the biggest corporate ETH holders. In a company update on Monday, Bitmine said it added 101,745 ETH over the past week, lifting its total Ethereum holdings to 5,180,131 ETH. The company also reported $13.1 billion in combined crypto, cash, and investment assets.

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Ethereum remains the biggest part of Bitmine’s treasury. At an ETH price of $2,336, the company’s 5.18 million ETH holdings are worth about $12.1 billion. That means Ethereum alone accounts for nearly 92.4% of Bitmine’s total holdings. The company also said it now owns 4.29% of Ethereum’s total supply, which stands at 120.7 million ETH.

Bitmine is moving closer to its long-term Ethereum goal, known as “Alchemy of 5%.” Under this plan, the company aims to own 5% of all ETH. After its latest purchase, Bitmine said it has already reached 86% of that target in just 10 months.

Bitmine is not a typical crypto investor. The Norwalk, Connecticut-based company has built its treasury around Ethereum as its main reserve asset. This approach is similar to how some companies hold gold, cash, or Bitcoin on their balance sheets. 

Bitmine Adds 101,745 ETH, Total Holdings Hit 5.18M

Bitmine Immersion Technologies disclosed that it added 101,745 ETH last week. Its total crypto and cash holdings now stand at approximately $13.1 billion, including 5,180,131 ETH, 200 BTC, an estimated $83 million stake in… pic.twitter.com/tLzdvtZ73s

— Wu Blockchain (@WuBlockchain) May 4, 2026

Bitmine Expands Holdings Beyond Ethereum

Along with its 5.18 million ETH, Bitmine also holds 200 Bitcoin, a $200 million stake in Beast Industries, an $83 million stake in Eightco Holdings (NASDAQ: ORBS), and $700 million in cash. The company said Eightco gives it indirect exposure to OpenAI, making Bitmine one of the few public companies with that type of access.

Thomas “Tom” Lee, chairman of Bitmine, said the company has kept a faster pace of Ethereum buying over the past four weeks. He said Bitmine sees early signs of a “Crypto Spring,” a period when crypto prices begin to recover while many investors still remain cautious.

Lee also pointed to two trends that could support Ethereum over time. The first is Wall Street’s move to bring financial assets onto blockchain networks. The second is the growing use of public blockchains by artificial intelligence systems. In his view, both trends could increase demand for Ethereum because it already supports smart contracts, applications, and digital finance tools.

Staking Adds Steady Revenue

Bitmine is not only buying and holding Ethereum. The company is also earning revenue through staking. As of May 3, Bitmine had staked 4,362,757 ETH, worth about $10.2 billion at the reported ETH price. The company said its annualized staking revenue now stands at $297 million, with a seven-day yield of 2.91%. At full scale, Bitmine expects annual staking rewards to reach $352 million.

To support this strategy, Bitmine launched its own institutional staking platform called MAVAN, short for Made in America Validator Network. The company first built the platform to manage its own ETH. It now plans to open MAVAN to institutional investors, custodians, and Ethereum ecosystem partners.

Bitmine Strengthens Its Market Position

Bitmine also moved from the NYSE American to the main New York Stock Exchange in April. The uplisting took effect this April, and the company continues to trade under the ticker BMNR.

A major milestone for Bitmine today 🎉$BMNR is uplisting to the 'Big Board' @NYSE, a hallowed and iconic exchange and the envy of capital markets around the worldhttps://t.co/WUnGw4YoJW pic.twitter.com/fCtd09dhKm

— Bitmine (NYSE-BMNR) $ETH (@BitMNR) April 9, 2026

The stock has also gained strong market attention. According to Fundstrat data cited by the company, BMNR recorded an average daily dollar volume of $625 million over a recent five-day period. That ranked it 173rd among more than 5,700 U.S.-listed stocks. Bitmine said it is now the largest Ethereum treasury company in the world and the second-largest crypto treasury globally, behind Strategy Inc., which mainly holds Bitcoin.

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