Bitmine (BMNR) Stock: Staked ETH Tops $9.5B as Company Targets 5% Ethereum Supply

TLDR

• Bitmine’s staked ETH tops $9.5B as BMNR slips before market open
• BMNR falls pre-market despite Bitmine’s $11.6B crypto and cash base
• Bitmine now holds 4.49% of Ethereum supply after fresh ETH buying
• MAVAN staking platform supports Bitmine’s growing Ethereum treasury
• Bitmine targets 5% ETH supply as staking revenue projections rise

Bitmine Immersion Technologies reported $11.6 billion in crypto, cash, and strategic holdings as BMNR showed early market weakness. The stock closed at $19.27, up 0.10%, before falling 2.25% to $18.82 in pre-market trading. The move came as Bitmine expanded its Ethereum treasury and pushed its staked ETH above $9.5 billion.

Bitmine Immersion Technologies, Inc., BMNR

Bitmine Builds Large Ethereum Treasury

Bitmine held 5,416,901 ETH as of May 31, 2026, based on the company’s latest update. The company valued its ETH at $2,003 each, placing the Ethereum position above $10.8 billion. Besides ETH, Bitmine also held 203 Bitcoin and $446 million in cash.

The company said its ETH holdings represented 4.49% of Ethereum’s total supply of 120.7 million ETH. This position keeps Bitmine as the world’s largest Ethereum treasury. It also places the company behind Strategy among global crypto treasury holders.

Bitmine added 26,497 ETH during the past week as it continued its accumulation plan. The company said it expects to reach 5% of Ethereum supply during 2026. That target remains central to its long-term treasury strategy and public market positioning.

Staked ETH Reaches $9.5 Billion

Bitmine said its total staked ETH stood at 4,718,677 as of May 31, 2026. At $2,003 per ETH, that staked position carried a value of about $9.5 billion. The amount represents more than 87% of Bitmine’s total ETH holdings.

The company operates MAVAN, its Made in American Validator Network, to support Ethereum staking. Bitmine built the platform for its own treasury operations, and it plans to expand access. The company expects MAVAN to serve institutions, custodians, and ecosystem partners.

Bitmine reported a 7-day annualized BMNR staking yield of 2.73%. Based on that yield, the company projected annualized staking revenue of $258 million. At full scale, it projected annual staking rewards of $296 million.

BMNR Trading Activity Remains High

BMNR closed slightly higher at $19.27, but pre-market selling pushed the stock to $18.82. The decline showed early pressure after the company reported its latest holdings update. The stTock remains among the most actively traded names in the United States.

Fundstrat data showed BMNR traded an average daily dollar volume of $628 million over four days ending May 29, 2026. That volume ranked the stock at number 225 among 5,704 U.S.-listed stocks. It placed BMNR behind Marathon Petroleum and ahead of Blackstone by trading activity.

Bitmine also reported strategic stakes outside its main crypto holdings. These included a $180 million stake in Beast Industries and a $93 million stake in Eightco Holdings. Together, its crypto assets, cash, and moonshot holdings reached $11.6 billion.

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