US-based technology company Bitmine Immersion Technologies added 101,745 Ethereum (ETH) within the scope of purchases initiated as of May 3, 2026, increasing its total ETH portfolio to 5,180,131. The company reported that it owns 4.29 percent of the global Ethereum supply. This rate stands out as one of the highest amounts of Ethereum held by a single institution in the market.
Bitmine’s Ethereum accumulation program
Bitmine first turned to large-scale purchases with the Ethereum accumulation program it launched in June 2025. He grew the portfolio from zero to over 833,000 ETH in the first 35 days of the program. During this period, the company’s entry into crypto purchases was with Bitcoin; He acquired approximately 254 BTC in the first stage. The company, which turned completely to Ethereum in July 2025, collected 566,000 ETH with three large transactions in one month.
With regular purchases in the following weeks, the portfolio grew continuously, reaching a total of more than 5 million ETH after a ten-month period. According to Bitmine’s statement, this accumulation is part of a long-term goal. The company reached 86 percent of its self-determined “5% Alchemy” target. To reach the 5% share, it is necessary to purchase approximately 843,000 more ETH, and at the current rate, this target is planned to be reached within two months.
Bitmine’s current portfolio stands at 4.29 percent of the total Ethereum supply. The company continues to progress with its weekly purchase average to reach its targeted 5 percent threshold.
As of May 3, 2026, Bitmine’s assets include 5,180,131 ETH, as well as 200 Bitcoins, $700 million in cash, along with a $200 million stake in Beast Industries and an $83 million stake in Eightco Holdings. The total value of the company’s crypto, cash and stock portfolios was announced at $13.1 billion.
Staking returns and institution structure
The company has locked 4,362,757 of its Ethereum through its own staking platform called MAVAN and its business partners. This amount corresponds to 84 percent of Bitmine’s total ETH portfolio. At current market prices, the value of this staked ETH was announced as $10.2 billion. The annual income from staking activity is at the level of 297 million dollars.
MAVAN (Made in American Validator Network) was initially established to manage Bitmine’s own assets. Over time, it expands its services to institutional investors and ecosystem partners. The company claimed to be the institution that stakes the most ETH in the world.
Market performance and its supporters
Bitmine Immersion Technologies is traded on the New York Stock Exchange under the ticker symbol BMNR and transitioned to main listing from NYSE American on April 9, 2026. Average daily transaction volume hovers above $625 million; With this volume, it is the 173rd most traded company in the USA.
Bitmine’s investors include important names such as ARK Invest’s CEO Cathie Wood, Founders Fund, Pantera Capital, Kraken, Digital Currency Group (DCG), Galaxy Digital and personal investor Thomas Lee. The company attracts attention in the crypto ecosystem with its innovative staking solutions and high ETH portfolio.
