NORWALK, Conn., May 18, 2026 — Bitmine Immersion Technologies, Inc. (NYSE: BMNR) today reported updated crypto and cash treasury totals and provided details on its Ethereum accumulation and staking operations.
Key highlights
– Total crypto + cash + strategic investments (“moonshots”): $12.6 billion. This includes 5,278,462 ETH, 202 BTC, a $200 million position in Beast Industries, an $83 million stake in Eightco Holdings (NASDAQ: ORBS), and $685 million in cash.
– ETH holdings: 5,278,462 ETH, valued at $2,191 per ETH (Coinbase price), representing roughly 4.37% of the current 120.7 million ETH supply.
– Staked ETH: 4,712,917 ETH staked, representing approximately $10.3 billion at $2,191/ETH.
– Progress toward the company’s “alchemy of 5%” target: Bitmine is roughly 87% of the way to acquiring 5% of ETH supply, with management expecting to reach that milestone in 2026.
– MAVAN: Bitmine’s Made-in-America Validator Network (MAVAN) is live as an institutional-grade staking platform. MAVAN was developed to secure and stake Bitmine’s ETH treasury and is being expanded to serve institutional investors, custodians, and ecosystem partners.
– Trading and liquidity: Bitmine stock remains highly liquid, trading on the New York Stock Exchange after an April 9, 2026 uplisting from the NYSE American. The company’s common shares trade under the symbol BMNR. Fundstrat data show an average daily dollar volume of $857 million (5-day average as of May 15, 2026), ranking BMNR among the most actively traded US-listed equities.
– Institutional support: Bitmine’s investor base includes a range of institutional and notable backers such as ARK Invest, Founders Fund, Pantera Capital, Kraken, DCG, Galaxy Digital, and individual investors including Thomas “Tom” Lee.
Management commentary
Chairman Thomas “Tom” Lee highlighted the regulatory and strategic context for Bitmine’s treasury strategy. He noted that the CLARITY Act—recently cleared by the Senate Banking Committee—would, if enacted, create clearer rules for the crypto industry and enable broader institutional participation in tokenized financial products. Lee described the legislation as an important step toward regulatory clarity and wider Wall Street adoption of crypto infrastructure.
On accumulation, Lee said Bitmine added 71,672 ETH during the most recent week, viewing ETH prices below $2,200 as an attractive accumulation opportunity. He reiterated the company’s target to achieve ownership of 5% of ETH supply during 2026.
Staking economics
As of May 17, 2026, Bitmine has 4,712,917 ETH staked. Using a recent 7-day BMNR yield of 2.80% (annualized), Bitmine projects annual staking rewards of about $324 million once its ETH holdings are fully staked via MAVAN and partners. Bitmine also reports current annualized staking revenues of approximately $289 million based on present operations, noting that roughly 89% of its ETH is already earning staking yield.
Market position and strategy
Bitmine remains the largest public ETH treasury and the #2 digital-asset treasury globally by value, behind Strategy Inc. (MSTR) on a bitcoin basis. The company is deploying excess capital to grow its Ethereum treasury while continuing its core Bitcoin mining operations in the U.S.
Bitmine emphasizes ETH as its primary reserve asset and leverages protocol-level activities such as staking and DeFi participation to generate yield and treasury upside. MAVAN is positioned as a secure, high-performance staking destination intended to support both Bitmine’s assets and institutional clients.
Corporate materials and disclosures
Bitmine’s Chairman’s message for May 2026, fiscal full-year 2025 earnings presentation, and investor materials are available through the company’s investor relations channels. The company reiterates that many statements in this release are forward-looking and involve risks and uncertainties, including the ability to achieve ETH acquisition targets, regulatory developments, market volatility, and operational execution. See Bitmine’s SEC filings for a detailed discussion of risk factors.
About Bitmine
Bitmine (NYSE: BMNR) is a U.S.-based Bitcoin miner that is deploying excess capital to build the world’s leading Ethereum treasury. The company pursues a long-term digital asset accumulation strategy centered on ETH, combining staking, protocol participation, and selective strategic equity investments to enhance shareholder value.
For additional information and investor materials, visit Bitmine’s investor relations channels and follow the company on social platforms.
