BitMine’s Ethereum Holdings Reach 5.21 Million ETH as Total Assets Hit $13.4 Billion

Highlights:

• BitMine now holds 5.21 million ETH, strengthening its position as the largest corporate Ether holder.
• The company has staked 4.71 million ETH, generating $319 million in annualized staking revenue.
• BitMine says Ethereum may benefit from tokenization, artificial intelligence, and stronger market momentum.

BitMine Immersion Technologies has increased its Ethereum holdings to 5.21 million ETH, making it the largest corporate holder of Ether. The company announced on Monday that its total crypto, cash, and “moonshot” holdings have reached $13.4 billion, according to its official press release.

The company said it held 5,206,790 ETH as of May 10, at 4:00 p.m. ET. At BitMine’s reported ETH price of $2,366, the company’s Ether treasury was valued above $12.3 billion. BitMine also held 201 Bitcoin, $775 million in cash, a $200 million stake in Beast Industries, and an $88 million stake in Eightco Holdings.

BitMine’s ETH position now represents 4.31% of Ethereum’s total supply of 120.7 million tokens. The company said this puts it 86% of the way toward its “Alchemy of 5%” goal, which refers to its plan to own 5% of the total ETH supply.

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BitMine provided its latest holdings update for May 114, 2026

$13.1 billion in total crypto + "moonshots":
– 5,206,790 ETH at $2,366 per ETH (@coinbase)
– 201 Bitcoin (BTC)
– $200 million stake in Beast Industries @MrBeast
– $88…

— Bitmine (NYSE-BMNR) $ETH (@BitMNR) May 11, 2026

BitMine Expands Its Ethereum Treasury

BitMine said it has acquired more than 1 million ETH since the start of 2026. Chairman Thomas “Tom” Lee said the company plans to hold and stake its ETH holdings. Staking means locking crypto to help support a blockchain network and earn rewards.

Lee said BitMine’s ETH accumulation has removed 4.3% of the ETH supply since June 30 last year. He added that the company has decided to slow its weekly buying pace from more than 100,000 ETH per week. According to Lee, the earlier pace could have helped BitMine reach its 5% ETH target by mid-July.

The company’s latest numbers show how fast its Ethereum treasury has grown. BitMine said it remains the world’s number one Ethereum treasury and the second-largest global crypto treasury, behind Strategy Inc.

Most of BitMine’s ETH Is Now Staked

BitMine has also increased its staking activity. The company said it had 4,712,917 ETH staked as of May 10. That represents about $11.1 billion at the reported ETH price of $2,366. Lee said BitMine has staked more ETH than any other entity in the world. He added that the company’s annualized staking revenue is now $319 million. BitMine’s own staking operations generated a 7-day annualized yield of 2.86%.

BitMine recently introduced MAVAN, its Made in America Validator Network, as part of its Ethereum strategy. The platform was initially designed to manage the company’s own ETH staking needs. However, BitMine now plans to make it available to larger market players, including institutions, custodians, and partners working across the Ethereum ecosystem.

BitMine Sees Ethereum Growth From Tokenization and AI

Lee said Ethereum could benefit from two major drivers in the next crypto cycle. He pointed to Wall Street’s move toward tokenization and the rising use of agentic artificial intelligence systems. 

Lee also said Ethereum’s price action may support the idea that a new crypto cycle has started. He said if ETH closes above $2,100 at the end of May, it would mark three straight monthly gains. According to him, that pattern has not happened during a crypto bear market. BitMine also said its stock moved from the NYSE American to the New York Stock Exchange on April 9. The company’s common stock 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 company said BMNR is one of the most actively traded stocks in the United States. According to Fundstrat data cited by BitMine, the stock had a five-day average daily dollar volume of $816 million as of May 8, ranking 149th among U.S.-listed stocks. BitMine said it continues to receive support from several institutional investors, including ARK’s Cathie Wood, Founders Fund, Pantera, Kraken, DCG, Galaxy Digital, and Thomas Lee as a personal investor.