Bitmine Immersion Technologies Says ETH Holdings Rose to 5.28 Million
The company’s latest purchase brought weekly ETH accumulation to 71,672 tokens worth about $154 million, reversing recent signs of slower buying and reinforcing its accelerated Ether treasury strategy.
ETH
Fact Check
The claim is strongly supported by Bitmine's own official PR Newswire press release confirming ETH holdings of 5.28 million tokens (with the precise figure of 5,278,462 ETH cited in the FT Markets data page). CoinDesk independently corroborates the weekly purchase of 71,672 ETH (consistent with 'more than 71,000') and the resulting ~5.28 million ETH total. The staking detail aligns with Bitmine's known treasury strategy. All three sources agree on the core figures and were published on the event date of 2026-05-18. No conflicting evidence was found.
Summary
Bitmine Immersion Technologies said it bought 71,672 ETH last week, worth roughly $154 million, bringing its total holdings to 5,278,462 ETH. The company’s prior weekly accumulation had been 26,659 ETH, so the latest purchase marked a sharp acceleration in buying pace and reversed recent talk of a slowdown. Earlier company disclosures had valued its total ETH position at $11.56 billion, said it represented 4.37% of Ethereum’s total supply, and stated that 4,712,917 ETH had been staked with estimated annualized staking income of $289 million.
Terms & Concepts
- ETH: The ticker symbol for Ether, the native cryptocurrency of the Ethereum blockchain used for transactions, fees, and staking.
- staked: Locked or committed crypto assets to help secure a blockchain network and, in return, earn rewards.
- staking income: Returns earned from staking digital assets, typically paid as rewards for participating in network validation or security.