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- Bitmine reported total crypto, cash, and investment holdings worth $11.6 billion.
- The company holds 5.42 million ETH, equal to 4.49% of Ethereum’s total supply.
- Staking operations could generate nearly $300 million in annual rewards.
Bitmine Immersion Technologies has reported total holdings of $11.6 billion, highlighting the rapid growth of its cryptocurrency-focused treasury strategy. The company disclosed a portfolio that includes Ethereum, Bitcoin, cash reserves, and strategic investments aimed at long-term value creation. As of May 31, 2026, Bitmine owned 5,416,901 Ethereum valued at approximately $10.85 billion based on an ETH price of $2,003.
The company also held 203 Bitcoin, a $180 million stake in Beast Industries, a $93 million investment in Eightco Holdings, and cash reserves totaling $446 million. The latest figures strengthen Bitmine’s position as the largest Ethereum treasury holder in the world. Its Ethereum holdings now account for roughly 4.49% of the network’s total supply of 120.7 million ETH.
Bitmine Focuses on Long-Term Ethereum Growth
During the last few days of May, Bitmine continued to invest more in Ethereum tokens. The firm purchased a further 26,497 ETHs during the previous week, bringing the total holdings to a very considerable level. In the view of Bitmine, the market value of Ethereum does not do full justice to the robustness of the platform.
The company is still striving to increase the size of its holdings. As per the statement made by management, the goal of acquiring control over 5% of the Ethereum supply is termed as the “alchemy of 5%” by the company. Bitmine is currently one of the biggest digital asset treasuries in the world.
Only Strategy Inc. is ahead of the company due to the much greater number of Bitcoins in its treasury. Staking is a very important component of Bitmine’s strategy for increasing value. The firm introduced MAVAN (Made in American Validator Network), which helps manage the firm’s Ethereum treasury through staking.
On May 31, the firm held 4,718,677 ETH staked. At today’s prices, the market capitalization of the company’s Ethereum portfolio amounts to $9.5 billion. About 87% of Bitmine’s ETH holdings have staking capability.
Bitmine Expects Higher Ethereum Staking Revenue
Bitmine estimates annual staking rewards could exceed $296 million once its full Ethereum treasury is staked through MAVAN and partners. Currently, expected annual staking revenue stands at about $258 million, with a 7-day annualized yield of 2.73%.
The Bitmine team views the emergence of new regulatory frameworks as a sign of increasing digital asset adoption within financial markets. As stated by Bitmine, the GENIUS Act and Project Crypto initiative by the SEC have paved the way towards the modernization of financial systems.
As noted by Bitmine executives, there are some similarities between the emerging blockchain era and the previous transformations in the field of investment markets. With an increasing Ethereum treasury, staking opportunities, and growing interest from the side of institutions. Bitmine strives to become one of the leading companies in the digital asset space.
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