BitMine Immersion Technologies has significantly increased its Ethereum holdings, purchasing an additional 26,497 ETH last week. As of May 31, 2026, the company's total Ethereum holdings reached 5,416,901 ETH, representing 4.49% of the total Ethereum supply of 120.7 million. This acquisition brings BitMine closer to its goal of holding 5% of the total Ethereum supply.
The company's total assets, including cryptocurrencies, cash, and other investments, are valued at approximately $11.6 billion. This includes 5.42 million ETH, 203 BTC, $446 million in cash, $180 million in Beast Industries equity, and $93 million in Eightco Holdings investments. BitMine has staked 4,718,677 ETH, which accounts for over 87% of its total Ethereum holdings, valued at approximately $9.5 billion at the time of staking.
BitMine Increases Ethereum Holdings to 5.42 Million ETH
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