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#BitMineAdds71KEther BitMine Adds 71,000+ ETH in a Week, Nears 5% Supply Target
NEW YORK, May 18, 2026 – U.S. digital asset firm BitMine Immersion Technologies (NYSE: BMNR) has added 71,672 ETH to its reserves in a single week, valued at over $155 million. The acquisition brings the company’s total Ethereum holdings to 5,278,462 ETH, representing 4.37% of the total Ethereum supply.
BitMine Chairman Tom Lee described the recent dip in ETH prices as an “attractive opportunity,” and the company has continued its buying spree. According to Lee, the CLARITY Act — which establishes a clear regulatory framework for the crypto industry — will provide a major boost to the sector.
More than 89% of the company’s total ETH reserves (4,712,917 ETH) are currently staked, valued at approximately $10.3 billion. This staking activity generates $289 million in annual income for BitMine. Through its MAVAN (Made in America Validator Network) platform, the company could increase that annual revenue to $324 million by staking at full capacity.
Despite the recent drop in Ethereum’s price, BitMine remains committed to its long‑term strategy. The company has set a goal — “The Alchemy of 5%” — to acquire 5% of the total Ethereum supply. It is currently 87% of the way toward that target.
In addition to Ethereum, BitMine’s portfolio includes 202 BTC, $685 million in cash, $200 million in Beast Industries, and additional holdings in Eightco.