PANews reported on May 18 that BitMine Immersion Technologies announced it increased its Ethereum holdings by 71,672 tokens last week. As of May 17, 2026, the company's total Ethereum holdings reached 5,278,462 tokens, representing approximately 4.37% of the total Ethereum supply, with a total value of approximately $12.6 billion in cryptocurrencies, cash, and other investment assets.

BitMine has staked 4,712,917 ETH, representing over 89% of its total holdings, worth approximately $10.3 billion at current prices, with an annualized staking yield of approximately $289 million. The company stated that its goal is to achieve its "Alchemy of 5%" strategy by holding 5% of the total ETH supply by 2026.