BitMine Immersion Tech's Holdings Hits $11.6 Billion

By Chris Stiles • Monday, June 01 11:24 • Permanent Link

BitMine Immersion Technologies said its crypto and cash holdings reached $11.6 billion as of May 31, 2026, driven mainly by a larger Ethereum position and a fresh increase in staking activity.

The company said it held 5,416,901 ETH, valued at $2,003 per token, for a total Ethereum stake of about $10.85 billion. That compares with 4,718,677 ETH already staked, worth $9.5 billion at the same price. The staked amount equals 87% of BitMine’s total ETH holdings.

BitMine said it added 26,497 ETH in the prior week. Its ETH holdings now represent 4.49% of the total Ethereum supply of 120.7 million tokens.

Alongside Ethereum, BitMine reported holding 203 bitcoin, a $180 million stake in Beast Industries, a $93 million stake in Eightco Holdings, and $446 million in cash. Those positions together make up the company’s reported $11.6 billion in crypto, cash and “moonshots.”

The company said its staking operations generated a 7-day yield of 2.73% annualized, and projected annualized staking revenue of $258 million. At full scale, it said projected staking rewards could reach $296 million annually.

BitMine also said its stock traded an average of $628 million a day over the most recent four-day period, ranking it 225th among U.S.-listed stocks. It said that placed it just behind Marathon Petroleum and ahead of Blackstone.

The company said it is now 90% of the way to its stated goal of owning 5% of Ethereum, a target it says it expects to reach sometime in 2026. Today the company's shares have moved -2.1% to a price of $18.865. Check out the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.