Bitmine's Ethereum Holdings Exceed 5 Million Tokens

Bitmine Immersion Technologies, Inc., a company involved in Bitcoin mining and Ethereum treasury management, has disclosed its significant cryptocurrency holdings. As of May 31, 2026, the company's total assets comprised $11.6 billion, including 5,416,901 ETH valued at $2,003 per token.

The company's Ethereum holdings represent 4.49% of the total ETH supply, which is approximately 120.7 million tokens. Notably, Bitmine has staked a substantial portion of its Ethereum holdings, amounting to 4,718,677 tokens, generating an annualized yield of 2.73%. This staking operation is expected to produce significant revenues for the company.

Bitmine's financial performance has been marked by volatility, with shares trading at $19.27 as of May 31, 2026, down 33% from its 52-week high of $161. Analysts predict that the company will turn profitable this year, driven by revenue growth of 261% in the most recent period.