BitMine Immersion Technologies said its crypto, cash and “moonshots” holdings reached $13.1 billion as of May 3, driven by a larger Ethereum position and fresh buying over the past week.
The company reported 5,180,131 ETH, up from 5.08 million ETH at the end of the prior week’s disclosed pace of accumulation, after it added 101,745 ETH in the most recent week. At a quoted price of $2,336 per ETH, that stake was valued at about $12.1 billion. BitMine said 4,362,757 ETH were staked, representing $10.2 billion of the total.
BitMine said its ETH holdings now equal 4.29% of the 120.7 million ETH supply, leaving it 86% of the way to its stated 5% target. The company also disclosed 200 bitcoin, a $200 million stake in Beast Industries, an $83 million stake in Eightco Holdings and $700 million in cash.
The company said annualized staking revenues are now $297 million, and projected annual staking rewards would reach $352 million if all of its ETH were staked. It said its own staking operations generated a 7-day annualized yield of 2.91%.
BitMine said its ETH position is the largest Ethereum treasury in the world and the second-largest crypto treasury overall, behind Strategy, which it said holds 818,334 bitcoin valued at $64.2 billion.
The company also said its stock averaged $625 million in daily dollar volume over the past five trading days, ranking 173rd among U.S.-listed stocks. BitMine said it recently uplisted to the NYSE from NYSE American on April 9 and continues to trade under the symbol BMNR. As a result of these announcements, the company's shares have moved 0.64% on the market, and are now trading at a price of $22.14. For more information, read the company's full 8-K submission here.
