Bitmine Immersion Technologies disclosed on Monday that as of May 10th, its total holdings in cryptocurrency, cash, and related assets amounted to $13.4 billion. This includes 5.21 million Ethereum (ETH), valued at approximately $13.0 billion based on a price of $2,366 per token.

According to the announcement, Bitmine's ETH holdings represent roughly 4.31% of Ethereum's total supply, positioning the company as the world's largest corporate treasury holder of Ethereum. In addition, the company holds 201 Bitcoin, $200 million worth of its own shares and shares in Beast Industries, $88 million in shares of Eightco Holdings, and $775 million in cash.

Tom Lee, Chairman of Bitmine and a well-known market strategist, stated that since the beginning of 2026, the company has accumulated over 1 million ETH, having now achieved 86% of its "5% holding target." He also announced a slowdown in the weekly purchasing pace. While previously purchasing over 100,000 ETH per week—which would have reached the 5% threshold by mid-July—the target has been adjusted for achievement by the end of 2026.

Notably, Bitmine has staked 4.71 million of its ETH holdings, generating an estimated annualized staking yield of approximately $319 million. The company recently launched an institutional-grade staking platform called MAVAN.

Bitmine transitioned from the NYSE American to the New York Stock Exchange's main board in April 2026, trading under the ticker symbol BMNR. Its institutional investors include Cathie Wood of ARK Investment, Pantera, and Galaxy Digital.