{"id":97553,"date":"2026-05-27T14:19:04","date_gmt":"2026-05-27T11:19:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=97553"},"modified":"2026-05-27T14:20:12","modified_gmt":"2026-05-27T11:20:12","slug":"bitmine-expands-reserves-to-5-39-million-eth","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitmine-expands-reserves-to-5-39-million-eth\/","title":{"rendered":"BitMine Expands Reserves to 5.39 Million ETH"},"content":{"rendered":"<p>BitMine Immersion Technologies has reported the acquisition of 111,942 ETH (approximately $232 million at the time of writing). This transaction marks the company&#8217;s largest purchase in 2026.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83e\uddf5 <br \/>1\/ <br \/>BitMine provided its latest holdings update for May 26, 2026 <\/p>\n<p>$12.3 billion in total crypto + &#8220;moonshots&#8221;: <br \/>\u2014 5,390,404 ETH at $2,134 per ETH per ETH (<a href=\"https:\/\/twitter.com\/coinbase?ref_src=twsrc%5Etfw\">@coinbase<\/a>) <br \/>\u2014 202 Bitcoin (BTC) <br \/>\u2014 $200 million stake in Beast Industries\u2026<\/p>\n<p>\u2014 Bitmine (NYSE-BMNR) $ETH (@BitMNR) <a href=\"https:\/\/twitter.com\/BitMNR\/status\/2059257593390850301?ref_src=twsrc%5Etfw\">May 26, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As of May 25, the firm&#8217;s reserves exceeded 5.39 million ETH, representing about 4.47% of the total coin supply.<\/p>\n<p>BitMine has valued its total crypto assets, cash, and venture investments at $12.3 billion, including 202 BTC.<\/p>\n<p>The company&#8217;s chairman, Tom Lee, described the drop in ETH below $2200 as an &#8220;attractive opportunity&#8221; to increase their position. He also reiterated the <a href=\"https:\/\/forklog.com\/en\/news\/analyst-predicts-ethereums-entry-into-a-bitcoin-like-supercycle\">approaching &#8220;supercycle&#8221;<\/a> in the crypto market and Ethereum.<\/p>\n<p>Among the drivers, Lee pointed to <a href=\"https:\/\/forklog.com\/en\/news\/what-are-tokenised-assets\">the tokenization<\/a> of assets on Wall Street and the development of autonomous AI agents.<\/p>\n<h2 class=\"wp-block-heading\">Effective Management<\/h2>\n<p>BitMine not only accumulates Ethereum but also stakes its assets. The company locks a significant portion of its holdings in the second-largest cryptocurrency by market capitalization\u2014currently around 4.71 million ETH.<\/p>\n<p>According to the firm&#8217;s calculations, the potential annual revenue from staking could reach $276 million, with a yield of 2.75% per annum over the past seven days. However, this forecast is accompanied by a disclaimer about risks and uncertainties.<\/p>\n<p>The company confirmed its goal to increase its share of Ethereum to 5% of the total supply. To achieve this, BitMine needs to acquire approximately 644,596 more ETH.<\/p>\n<p>Earlier in May, the co-founder of Bankless <a href=\"https:\/\/forklog.com\/en\/news\/bankless-co-founder-sells-eth-questions-its-valuation\">sold<\/a> part of his Ethereum portfolio, expressing doubts about the asset&#8217;s overvaluation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BitMine Immersion Technologies has reported the acquisition of 111,942 ETH (approximately $232 million at the time of writing). This transaction marks the company&#8217;s largest purchase in 2026.<\/p>\n","protected":false},"author":1,"featured_media":97554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"BitMine Immersion Technologies has reported the acquisition of 111,942 ETH.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46,919],"class_list":["post-97553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum","tag-tom-lee"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"BitMine Immersion Technologies has reported the acquisition of 111,942 ETH.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=97553"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97553\/revisions"}],"predecessor-version":[{"id":97555,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97553\/revisions\/97555"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/97554"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=97553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=97553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=97553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}