On May 26, BitMine Immersion Technologies rose 5.22% in regular trading, trading at $19.885/share, with trading volume of $241 million.

On the news front, the company disclosed that as of May 25, it acquired 111,942 ETH over the prior week, bringing total holdings to 5,390,404 ETH — approximately 4.47% of total ETH supply. This puts the company at 89% completion toward its stated goal of holding 5% of ETH supply. At an average cost of $2,134 per ETH, the position is valued at approximately $11.5 billion.

The company reported total crypto assets, cash, and related holdings of $12.3 billion, including $444 million in cash. On the staking front, BitMine has staked 4.71 million ETH (approximately $10.1 billion), generating estimated annualized staking revenue of $276 million at a 7-day annualized yield of 2.75%. The continued large-scale accumulation and visible progress toward the supply target bolstered market confidence in the stock.

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