Bitmine Holds 5.42M ETH and $11.6B in Crypto and Cash, Slows Purchases as Price Falls While Nearing 5% Goal
Bitmine Immersion Technologies (NYSE: BMNR) reported its Ethereum holdings have reached 5.42 million ETH, representing about 4.49% of the roughly 120.7 million ETH supply, and said its total crypto and cash holdings total $11.6 billion. The company also disclosed 4,718,677 staked ETH, which it valued at about $9.5 billion using a $2,003 ETH price [1] [2] [3] [4].
The firm slowed purchases as the ETH price fell, acquiring 26,497 ETH in the most recent week after making its largest 2026 purchase the prior week. Despite the sizable staked position, BMNR’s stock moved lower in pre-market trading on the latest reports [5] [6] [4].
Bitmine said it is roughly 90% of the way to holding 5% of ETH supply — a milestone the company has framed as its ‘Alchemy of 5%’ target [1] [2].
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Citations
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- 3Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.42 Million Tokens, and Total Crypto and Total Cash Holdings of $11.6 BillionCryptonewsland - Your Daily Crypto News• Jun 1, 2026
- 4Bitmine (BMNR) Stock: Ethereum Stake Surpasses $9.5B Valuation MilestoneBlockonomi• Jun 1, 2026
- 5Bitmine Slows Ethereum Purchases As Price FallsCryptoProwl.com• Jun 1, 2026
- 6Bitmine (BMNR) Stock Dips Pre-Market Despite $9.5B Staked Ethereum PortfolioMoneyCheck• Jun 1, 2026
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