1 hour ago
Bitmine Immersion Technologies present holds 5.28 cardinal ethereum tokens worthy much than $11.5 billion, putting the institution wrong scope of controlling 5% of the full ETH supply.
Key Takeaways
- Bitmine holds 5.28M ETH astatine 4.37% of full supply, targeting 5% of the 120.7M token interval by extremity of 2026.
- BMNR staking 4.7M ETH generates $289M successful annualized gross astatine a 2.80% seven-day yield.
- Tom Lee says CLARITY Act likelihood transcend Polymarket’s 61% estimate, which could unlock Wall Street ETH products.
Tom Lee Says Bitmine Will Hit 5% of ETH Supply Sometime successful 2026
The Norwalk, Conn.-based institution reported the figures arsenic of May 18, 2026, disclosing full crypto, cash, and “moonshot” holdings of $12.6 billion. That fig includes 5,278,462 ETH valued astatine $2,191 per token, $685 cardinal successful cash, a $200 cardinal stake successful Beast Industries, and an $83 cardinal presumption successful Eightco Holdings (Nasdaq: ORBS).
Bitmine’s ETH presumption represents 4.37% of the full circulating proviso of 120.7 cardinal tokens. The institution says it is 87% of the mode toward what it calls the “Alchemy of 5%” goal, a threshold it has been moving toward implicit 11 months.
Tom Lee, president of Bitmine, said the institution acquired 71,672 ETH successful the past week alone. “We presumption the caller pullback of ETH to beneath $2,200 arsenic an charismatic opportunity,” Lee remarked. Lee added:
“Bitmine is expected to scope the ‘alchemy of 5%’ sometime successful 2026.”
Of the 5.28 cardinal ETH held, the institution has staked 4,712,917 tokens, valued astatine $10.3 billion. Annualized staking revenues present basal astatine $289 million, based connected a seven-day output of 2.80%. “At scale, erstwhile Bitmine’s ETH is afloat staked by MAVAN and its staking partners, the projected ETH staking reward is $324 cardinal annually,” Lee continued.
MAVAN, abbreviated for Made successful America Validator Network, is Bitmine’s institutional-grade ethereum staking platform. The institution launched MAVAN to enactment its ain treasury operations but intends to unfastened the level to organization investors, custodians, and ecosystem partners.
Bitmine uplisted to the New York Stock Exchange from NYSE American connected April 9, 2026, continuing to commercialized nether the ticker BMNR. Company stats accidental the banal present ranks 133rd among 5,704 U.S.-listed equities by mean regular dollar volume, trading $857 cardinal per time implicit the five-day play ending May 15, 2026. That places it down Applied Digital Corp and up of Capital One Financial Corp.
The institution remains the largest ethereum ( ETH) treasury successful the satellite and ranks 2nd globally among each crypto treasuries, down Strategy Inc. (Nasdaq: MSTR), which holds 843,738 bitcoin valued astatine astir $65.33 cardinal utilizing existent BTC speech rates.
Backers see Ark Investment Management’s Cathie Wood, Founders Fund, Pantera Capital, Kraken, Digital Currency Group, Galaxy Digital, Bill Miller III and MOZAYYX, alongside idiosyncratic capitalist Tom Lee.
Lee besides addressed the CLARITY Act, which cleared the Senate Banking Committee past week and is headed to the afloat Senate. “The CLARITY Act provides the indispensable regulatory clarity for the crypto manufacture and Wall Street to physique the adjacent procreation acceptable of fiscal products and architecture,” Lee said. He added that Bitmine believes the probability of transition exceeds the 61% implied by Polymarket.com.
Ethereum’s maturation continues to gully enactment from Wall Street tokenization enactment and expanding request from agentic AI systems that trust connected public, neutral blockchains for operations.
English (US) 