Bitmine’s Ethereum treasury now holds 5.28 million ETH tokens — which makes for over 4.3 percent of the asset’s total supply of 120.7 million. On Monday, the U.S.-based digital assets platform disclosed that it holds $12.6 billion worth of combined cash, crypto, and moonshot holdings as of May 2026, which includes its growing ETH stockpile.
Headquartered in Las Vegas, U.S., Bitmine had started establishing its ETH treasury last year. In June 2025, the company had unveiled its “Alchemy of five percent” strategy that centred around accumulating five percent of ETH’s total supply for long-term holding. Its latest numbers indicate that the company remained stuck to its ETH strategy even these recent few months when the Middle East conflict left the crypto market gaping for stability.
Bitmine’s treasury is presently ripe with 5,278,462 ETH, it said. At the time of writing, ETH was trading at $2,162 with the asset having risen to its ATH of $4,953.73 in August last year.
The company disclosed these numbers a week after it purchased a fresh batch of 71,672 ETH last week. At the time ETH, the second most expensive asset after BTC, had slipped under $2,200. Bitmine said this drop as an attractive opportunity.
“As of May 17, 2026, Bitmine total staked ETH stands at 4,712,917 ($10.3 billion at $2,191 per ETH). Bitmine has staked more ETH than other entities in the world,” said Thomas Lee, Chairman, Bitmine. “Annualized staking revenues are now $289 million. And this 4.7 million ETH is over 89 percent of the 5.28 million ETH held by Bitmine. Bitmine’s own staking operations generated a 7-day yield of 2.80 percent (annualized).”
Bitmine now stands as the second largest crypto treasury in the world, right behind Michael Saylor’s BTC treasury firm, Strategy that presently holds 843,738 BTC valued at nearly $64 billion. It still, however, remains the first largest ETH treasury company ahead of competitors like SharpLink, The Ether Machine, and Coinbase Global.
Source: CoinGecko
As per its own admission, Bitmine is the 133th most traded stock in the U.S. As of press time, Bitmine stocks that trade under the ticker BMNR were retailing at $19.11 with a 3.82 percent loss registered over the last day. The company chairperson reportedly believes that the rising prices of oil is the main driving factor ETH price is showing weakness.
As per Lee, the ongoing progress to advance the CLARITY Act in the U.S. will have positive impacts in the overall digital assets ecosystem.
“The CLARITY Act provides the necessary regulatory clarity for the crypto industry and Wall Street to build the next generation set of financial products and architecture. There are still many steps and hurdles to overcome before the CLARITY Act becomes law. But we believe the probability of passage is higher than the 61 percent reflected on Polymarket.com,” he noted.
Earlier in April, Bitmine reported its results for the first quarter of 2026. It disclosed $3.8 billion in quarterly net loss out of which $3.8 billion were attributed to Ether markdowns. The company, however, is looking to continue acquiring ETH tokens to reach its goal of commanding five percent of the token’s total supply.
Earlier in January, Bitmine shareholders had slammed the company for poorly organizing a meeting with its shareholders. Investors had called the absence of Lee and company CFO Young Kim rather “disrespectful” at the time.