Bitmine Pushes $13.1 Billion Treasury as 5,180,131 ETH Position Reshapes Crypto Balance

Key Takeaways:

Bitmine reached $13.1 billion in holdings on May 3, 2026, including 5.18 million ETH and 200 Bitcoin.
Ranking as the #2 global treasury, Bitmine now trades $625 million daily, outpacing firms like DoorDash.
Thomas Lee expects the CLARITY Act’s 2026 passage to drive agentic AI commerce and ETH staking growth.

Ethereum Dominates Holdings

Bitmine Immersion Technologies announced on May 4 that its total holdings, including cryptocurrency, cash, and strategic investments, have reached $13.1 billion. The announcement comes weeks after the company’s April 9 uplisting to the New York Stock Exchange.

As of May 3, Bitmine reported a treasury comprised of 5,180,131 ETH—representing approximately 4.29% of the total global supply—and 200 bitcoin. At a valuation of $2,336 per ETH, the company’s Ethereum holdings alone are valued at approximately $12.1 billion. The company also disclosed $700 million in cash and $283 million in “moonshot” investments, including stakes in Beast Industries and Eightco Holdings.

Bitmine Chairman Thomas Lee characterised the current market as the start of a “ Crypto Spring,” citing the potential passage of the CLARITY Act in the U.S. Senate as a primary catalyst. The proposed legislation, which recently saw a compromise in text, seeks to regulate stablecoin yields while allowing for activity-based rewards.

“This compromise is largely acceptable to us,” Lee said in a statement, noting that prediction markets now show a better than 60% chance of the bill passing in 2026.

Lee emphasized that ETH is increasingly serving as both a store of value and a unit of exchange, particularly amid geopolitical instability. Since the start of the Iran War, Lee noted, ETH has outperformed the S&P 500 by 1,380 basis points.

Over the past week, Bitmine acquired an additional 101,745 ETH. The company has also expanded its technical infrastructure through the Made in America Validator Network (MAVAN), an institutional-grade staking platform. Bitmine has already staked 4,362,757 ETH—roughly 84% of its total holdings—generating an annualized staking revenue of $297 million.

Company data indicates that Bitmine now holds the largest Ethereum treasury in the world and the second-largest global cryptocurrency treasury, trailing only Strategy, which holds bitcoin valued at $64.2 billion.

The company’s stock has seen high liquidity, with an average daily dollar volume of $625 million. According to Fundstrat data, Bitmine currently ranks as the 173rd most traded stock in the United States, positioned between Cheniere Energy and Doordash.