BitMine accumulated 26,497 ETH last week, increasing its total holdings to approximately 5.417 million ETH.
Foresight News reported that BitMine increased its holdings by 26,497 Ethereum last week. As of May 31, 2026, its total Ethereum holdings reached 5,416,901, accounting for approximately 4.49% of the total Ethereum supply. Currently, the total value of BitMine's cryptocurrency, cash, and other investment assets is about $11.6 billion, including $446 million in cash, 203 Bitcoin, $180 million in Beast Industries equity assets, and a $93 million investment in Eightco Holdings. In addition, it has staked 4,718,677 Ethereum (over 87% of its total holdings), worth about $9.5 billion, with an annualized staking yield of approximately $258 million.
Tom Lee stated that ETH's current price has not yet reflected the ongoing improvement in Ethereum's fundamentals, but this is not surprising in the early stages of the crypto spring. The company expects to reach its goal of holding 5% of ETH's total supply within 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Nasdaq 100 rebalancing will take effect before the U.S. stock market opens on Monday, SpaceX (SPCX.US) weight significantly rises to 2.82%.
The Nasdaq 100 Index quarterly rebalancing will take effect before the US stock market opens on September 21 (Monday). The main change is that SpaceX (SPCX.US) will see its index weighting significantly increase from about 1.28% to 2.82%.
WTI falls to near $93.50 as Middle East diplomacy hopes ease supply fears
South Korea's exports in the first 20 days of September continued strong momentum, with chip exports soaring by 259%, remaining a key driver of growth.
Early September exports from South Korea help maintain strong momentum in the chip boom.
Crypto prices
More
