NORWALK, Conn., May 18, 2026 — Bitmine Immersion Technologies, Inc. (NYSE: BMNR) today reported consolidated crypto, cash and strategic investments totaling $12.6 billion, anchored by a 5.28 million ETH position and a growing institutional staking operation.
Key figures
– ETH balance: 5,278,462 ETH (≈5.28 million) — roughly 4.37% of the estimated 120.7 million ETH supply.
– Staked ETH: 4,712,917 ETH, valued at about $10.3 billion using an ETH price of $2,191.
– Other holdings: 202 BTC, a $200 million stake in Beast Industries, and an $83 million stake in Eightco Holdings (ORBS).
– Cash: $685 million on hand.
– Total crypto + cash + moonshots: $12.6 billion.
Corporate milestones
– Bitmine completed an uplisting from the NYSE American to the New York Stock Exchange effective April 9, 2026; shares continue to trade under the BMNR ticker.
– The company says it is approximately 87% of the way toward its strategic target of holding 5% of ETH supply, a goal Bitmine describes as the “alchemy of 5%.”
– Bitmine ranks among the most actively traded U.S. stocks, with an average daily dollar volume of $857 million (5-day avg), placing it near the top 150 by volume.
Staking and MAVAN
Bitmine has launched MAVAN (Made in America Validator Network), an institutional-grade Ethereum staking platform initially designed to secure and stake Bitmine’s own ETH treasury. A substantial portion of the company’s ETH is already staked through MAVAN and its partners.
As of May 17, 2026, Bitmine reports 4,712,917 ETH staked. Using a recent 7-day yield of 2.80% annualized, Bitmine projects annual staking rewards at scale of roughly $324 million; current annualized staking revenues are reported at about $289 million. The company says it has staked more ETH than any other single entity.
Strategy and market context
Bitmine describes ETH as its primary treasury reserve asset and is allocating excess capital from its Bitcoin mining operations to accumulate and stake Ethereum. The company highlights two structural tailwinds for Ethereum adoption: increased tokenization by Wall Street and demand from agentic AI systems for public, neutral blockchain infrastructure.
Regulatory environment and commentary
Bitmine noted recent legislative movement on the CLARITY Act, which cleared the Senate Banking Committee and is expected to move to a full Senate vote. Chairman Thomas Lee said regulatory clarity would help the industry and institutional participants build next-generation financial products on blockchain rails. Bitmine also referenced broader regulatory initiatives, including the GENIUS Act and SEC efforts, as transformational for financial services.
Capital allocation and investors
Bitmine emphasizes its liquidity and ability to deploy capital for treasury accumulation and opportunistic repurchases. The company lists several prominent institutional and strategic supporters, including ARK Invest, Founders Fund, Bill Miller III, Pantera, Kraken, Digital Currency Group, Galaxy Digital, and noted investor Thomas Lee, among others.
Corporate materials
Bitmine said its chairman’s message, fiscal 2025 earnings presentation and investor materials are available via the company’s investor relations channels.
Forward-looking statements
The company reiterated that portions of this release are forward-looking and subject to risks, including market volatility, regulatory developments, operational execution, and other factors that could cause actual results to differ materially from expectations. Investors should consult Bitmine’s SEC filings for detailed risk disclosures.
About Bitmine
Bitmine (NYSE: BMNR) is a U.S.-based Bitcoin miner that is deploying excess capital to build one of the largest Ethereum treasuries and staking platforms globally. The company focuses on ETH accumulation, staking, and protocol-level participation through its MAVAN infrastructure.
For more information, investors are directed to Bitmine’s public filings and company communications.