Bitmine Immersion Technologies (NYSE: BMNR) announced a significant milestone in its Ethereum treasury strategy, revealing total crypto and cash holdings of $12.6 billion. The company now holds 5,278,462 ETH, representing over 4.37% of the total ETH supply of 120.7 million tokens, as of May 17, 2026. This acquisition pace—gaining 87% toward its “Alchemy of 5%” goal in just 11 months—positions Bitmine as the world’s largest Ethereum treasury.
The announcement comes shortly after Bitmine uplisted to the New York Stock Exchange from NYSE American on April 9, 2026. Its common stock remains under the ticker “BMNR.” Chairman Thomas “Tom” Lee emphasized that the company seized the opportunity to buy 71,672 ETH during a recent price pullback below $2,200, viewing it as an attractive entry point. He predicted Bitmine would reach the 5% threshold sometime in 2026.
Of its total ETH, 4,712,917 tokens ($10.3 billion) are currently staked, generating an annualized staking reward run-rate of $289 million. Bitmine’s institutional-grade staking platform, MAVAN (Made in America VAlidator Network), already supports a portion of these assets and aims to expand to outside investors. At full scale, projected annual rewards could reach $324 million based on a 2.80% 7-day yield.
Beyond ETH, the firm holds 202 BTC, $685 million in cash, and “moonshot” equity stakes totaling $283 million. The company also noted the CLARITY Act’s progress through the Senate Banking Committee, which it views as a positive regulatory catalyst for the industry. With average daily trading volume of $857 million, BMNR ranks as the 133rd most traded stock in the U.S., reflecting strong institutional backing from ARK Invest, Pantera, Galaxy Digital, and others.
