Bitmine owns over 4.37% of the total ETH supply of 120.7 million.
Bitmine is 87% of the way to “5% chemistry” in just 11 months
Ethereum continues to benefit from the dual tailwinds of Wall Street tokenizing on the blockchain and of proxy AI systems that increasingly need a public, neutral blockchain.
Bitmine was listed on the New York Stock Exchange (“NYSE”) of the US Stock Exchange as of April 9, 2026
Bitmine has 4,712,917 ETH, representing $10.3 billion at $2,191 per ETH.
MAVAN (Made in America VAlidator Network) is a leading Ethereum staking destination for BMNR and institutional investors, with a focus on security, performance, and flexibility.
Bitmine owns $83 million worth of Eightco (NASDAQ: ORBS), and is now one of the only publicly listed stocks in the world that provides investors with indirect exposure to OpenAI.
Bitmine Crypto + Total Cash Holdings + “Moonshots” total $12.6 billion, including 5.28 million ETH tokens, $685 million total cash, and other cryptocurrency holdings
Bitmine outperforms its cryptocurrency treasury peers through the speed of raising its NAV per share and through the high trading liquidity of BMNR shares.
Bitmine is the 133rd most actively traded stock in the US, trading $857 million per day (5-day average)
Bitmine remains backed by a leading group of institutional investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas “Tom” Lee to support Bitmine’s goal of 5% ETH
NORWALK, Conn., May 18, 2026 /PRNewswire/ — (NYSE: BMNR) Bitmine Immersion Technologies, Inc. announced… (“Bitmine” or the “Company”), a Bitcoin and Ethereum network company with a focus on cryptocurrency accumulation for long-term investment, today announced Bitmine’s cryptocurrency + cash + “Moonshots” holdings totaling $12.6 billion.
The Company recently announced its listing on the New York Stock Exchange (“NYSE”) of the New York Stock Exchange on April 9, 2026. The Company’s common stock continues to trade under the symbol “BMNR.”
As of May 17, 2026 at 4:00 PM ET, the Company’s cryptocurrency holdings consist of 5,278,462 Ethereum at $2,191 per ETH (Coinbase NASDAQ: COIN), 202 Bitcoin (BTC), a $200 million stake in Beast Industries, an $83 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and total cash $685 million. Bitmine’s ETH holdings are 4.37% of ETH supply (of 120.7 million ETH).
On May 11, 2026, Bitmine released its latest Chairman’s Letter (Link here) for May 2026.
The CLARITY Act received approval from the Senate Banking Committee last week and will move to the full Senate for a vote later this year. This proposed legislation provides the necessary regulatory framework for the cryptocurrency industry, properly defines decentralization, and strengthens consumer protection and anti-money laundering.
“The CLARITY Act provides the regulatory clarity needed for the cryptocurrency industry and Wall Street to build the next generation suite of financial products and architecture.” male Thomas “Tom” Lee, Chairman of Bitmine. “There are still many steps and hurdles to overcome before the CLARITY Act becomes law. But we believe its probability of passage is higher than the 61% reflected in Polymarket.com“.
“Over the past week, we have acquired 71,672 ETH. We view ETH’s recent pullback below $2,200 as an attractive opportunity. Bitmine is expected to reach ‘5% alchemy’ sometime in 2026.” He told me.
Bitmine recently launched MAVAN (Made in America VAlidator Network), an enterprise signing platform. While MAVAN was originally developed to support Bitmine’s Ethereum treasury, MAVAN intends to expand to serve institutional investors, custodians, and ecosystem partners looking for best-in-class storage infrastructure. A portion of Bitmine’s ETH has already been staked on the MAVAN platform.
As of May 17, 2026, Bitmine’s total accumulated ETH stands at 4,712,917 ($10.3 billion at $2,191 per ETH). “Bitmine has bet more on ETH than other entities in the world. At scale (when MAVAN and its partners acquired all of ETH from Bitmine), the expected ETH staking reward is $324 million per year (using a 2.80% 7-day BMNR return),” Lee stated.
“Annual staking revenue is now $289 million,” Lee continued. “These 4.7 million ETH represent more than 89% of the 5.28 million ETH held by Bitmain. Bitmain’s staking operations generated a 7-day return of 2.80% (annual).”
Bitmine cryptocurrency ranks No. 1 on Ethereum and No. 2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which reportedly owns 818,869 bitcoins worth $64.1 billion. Bitmine remains the largest ETH treasury in the world.
Bitmine is one of the most widely traded stocks in the United States. According to data from Fundstrat, the stock’s average daily trading volume was $857 million (5-day average, as of May 15, 2026), ranking it No. 133 in the U.S., behind Applied Digital Corp (ranked No. 132) and ahead of Capital One Financial Corp (ranked No. 134) out of 5,704 U.S.-listed stocks (statista.com and Fundstrat research).
The GENIUS Act and the Securities and Exchange Commission (“SEC”) cryptocurrency project are as transformative for financial services in 2025 as the action taken by the United States on August 15, 1971 that ended Bretton Woods and the US dollar on the gold standard 54 years earlier. This event in 1971 served as the catalyst for the modernization of Wall Street, creating the iconic Wall Street giants and financial and payment bars of today. These investments have been proven to be better than gold.
The President’s message can be viewed here:
https://www.Bitminetech.io/chairmans-message
The full fiscal year 2025 earnings presentation and corporate presentation can be viewed here: https://Bitminetech.io/investor-relations/
To stay informed, please subscribe to: https://Bitminetech.io/contact-us/
About Bitmain
Bitmain (NYSE: BMNR) is a Bitcoin mining company with operations in the United States. The company is deploying its excess capital to become the world’s leading Ethereum treasury company, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of “5% chemistry,” the company is committed to ETH as a primary treasury reserve asset, leveraging activities at the native protocol level including DeFi and staking mechanisms. The company will launch MAVAN (Made in America VAlidator Network), a dedicated storage infrastructure for Bitmine assets, in 2026.
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Forward-looking statements
This press release contains statements that constitute “forward-looking statements.” Statements in this press release that are not purely historical are forward-looking statements that involve risks and uncertainties. Specifically, this document contains forward-looking statements regarding: (1) the progress and achievement of the Company’s objectives in connection with the acquisition of ETH, including the “Alchemy of 5%” initiative and the long-term value of Ethereum; (2) the Company’s beliefs regarding the performance of Ethereum compared to other assets, including its description as a “wartime store of value” and its performance during geopolitical events; (3) the Company’s expectations regarding the current state and future course of the cryptocurrency market, including statements that ETH may be in the “final stages of a mini-crypto winter”; (4) the continued growth and progress of the Company’s Ethereum treasury strategy and the benefits applicable to the Company; (5) the Company’s stock repurchase program, including data regarding shares trading below intrinsic value, the Company’s ability to cumulatively retire common stock, and effect repurchases through open market transactions; (6) the Company’s digital asset accumulation and staking strategy, including MAVAN, and its expansion to serve institutional investors, custodians, and ecosystem partners, and expected annual staking revenues and rewards; (7) statements regarding the benefits of Wall Street tokenization on blockchain systems and agent AI systems that use public blockchains; (8) expectations regarding the potential impact of regulatory developments, including the GENIUS Act and the SEC Crypto Project, on financial services and digital assets; (ix) the Company’s financial flexibility to support treasury operations and expand the scope of the repurchase license. In evaluating these forward-looking statements, you should consider various factors, including: Bitmine’s ability to keep pace with new technology and changing market needs; Bitmine’s ability to fund its current business, Ethereum treasury operations, stock repurchase program and proposed future business; the competitive environment for Bitmine’s business; Market conditions affecting the trading price of the Company’s common stock; regulatory developments affecting digital assets, including the enactment and implementation of pending legislation and SEC initiatives; Geopolitical events and their impact on cryptocurrency markets; the volatility and unpredictability of digital asset prices; The future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in the forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine’s control, including those set forth in the Risk Factors section of Bitmine’s Form 10-K filed with the SEC on November 21, 2025, as well as all other filings with the SEC, as amended or updated from time to time. Copies of Bitmine’s filings with the SEC are available on the SEC’s website at: www.sec.gov. Bitmine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Disclaimer: This is a sponsored press release and is for informational purposes only. They do not reflect the opinions of Crypto Daily, and are not intended to be used as legal, tax, investment, or financial advice.
