Bitmine Immersion Technologies provided an operational update, announcing its total crypto, cash, and other holdings reached $13.4 billion as of May 10, 2026. The company has accumulated 5.21 million Ethereum (ETH) tokens, representing 4.31% of the total ETH supply, as part of its digital asset treasury strategy.
Key Details
- Asset Holdings (as of May 10, 2026): Holdings include 5.21 million ETH, 201 BTC, $775 million in cash, a $200 million stake in Beast Industries, and an $88 million stake in Eightco Holdings.
- Staking Operations: The company has staked 4.71 million ETH (over 90% of its holdings), which is generating $319 million in annualized staking revenue.
- Strategic Update: Bitmine is slowing its weekly pace of ETH accumulation and now targets reaching its goal of holding 5% of the total ETH supply in late 2026.