Bitmine (BMNR) Stock: ETH Holdings Near 5% Supply as Treasury Tops $12.3B

TLDR

• Bitmine BMNR stock rises as ETH holdings move near the 5% supply goal in 2026
• Bitmine treasury tops $12.3B as ETH holdings reach 5.39M tokens and cash grows
• BMNR gains pre-market after Bitmine reports $12.3B in crypto and cash holdings
• Bitmine stakes 4.7M ETH as annualized rewards rise to $276 million this year
• BMNR uplisting strengthens Bitmine’s profile as its crypto treasury expands

Bitmine (BMNR) Stock gained in pre-market trading after the company reported crypto and cash holdings worth $12.3 billion. BMNR traded at $19.31 before the open, up 2.33%, after closing down 3.72% at $18.88. The update placed Bitmine near its 5% Ethereum supply target within 11 months.

Bitmine Immersion Technologies, Inc., BMNR

Ethereum Treasury Moves Near 5% Target

Bitmine said it holds 5,390,404 ETH, based on Ethereum’s total supply of 120.7 million coins. That position represents 4.47% of the total ETH supply. As a result, Bitmine remains tied to Ethereum treasury growth.

The company values its ETH holdings at $2,134 per coin, using Coinbase pricing. It also reported 203 Bitcoin and $444 million in total cash. Together, crypto assets, cash, and selected equity positions lifted total holdings to $12.3 billion.

Bitmine continues to build its Ethereum position as tokenization activity grows across Wall Street. The company also links Ethereum demand to agentic AI systems needing neutral public blockchains. Therefore, Bitmine reflects a treasury strategy built around ETH accumulation.

Staked ETH Adds Yield To Treasury Plan

Bitmine reported 4,712,917 staked ETH as of May 25, 2026. That amount equals $10.1 billion at the stated ETH price. It also represents more than 87% of the company’s total Ethereum holdings.

The company launched MAVAN, the Made in America Validator Network, for Ethereum staking operations. MAVAN supports Bitmine’s treasury, and it targets institutional staking demand. Moreover, Bitmine said the platform focuses on security, performance, and network resilience.

Bitmine estimated annual staking rewards at $276 million, using a 2.75% seven-day annualized yield. The company said its staking operations already generated that annualized yield. This staking base adds another layer to the Bitmine (BMNR) Stock treasury story.

NYSE Uplisting And Liquidity Support BMNR Profile

Bitmine moved from NYSE American to the New York Stock Exchange on April 9, 2026. The common stock still trades under the BMNR ticker. The uplisting gives Bitmine a larger exchange profile during its treasury expansion.

The company also holds a $200 million stake in Beast Industries. Bitmine owns $95 million of Eightco Holdings, which trades on Nasdaq under ORBS. These positions sit alongside ETH, Bitcoin, and cash in the company’s broader holdings.

Bitmine said BMNR ranks as the 193rd most traded U.S. stock by recent activity. The stock traded about $572 million per day on a five-day average. Consequently, Bitmine leads crypto treasury peers in liquidity and crypto NAV growth speed.

The post Bitmine (BMNR) Stock: ETH Holdings Near 5% Supply as Treasury Tops $12.3B appeared first on CoinCentral.