BitMine jumps after May 11 update lifts ETH holdings to 5.21M tokens
BMNR•BitMine Immersion Technologies issued a May 11, 2026 operations update reporting total crypto, cash and “moonshots” holdings of about $13.4B, including 5,206,790 ETH and $775M cash. The update also reported 4,712,917 ETH staked (about 90% of holdings) and disclosed a slower pace of weekly ETH accumulation.
1. What happened today (May 11, 2026)
BitMine Immersion Technologies published a same-day operations update disclosing its latest treasury snapshot and staking levels. The company reported total crypto + cash + “moonshots” of about $13.4B, including 5,206,790 ETH (valued at $2,366/ETH at the snapshot), 201 BTC, $775M cash, and equity stakes labeled as “moonshots.”
2. Why it matters
For BMNR, weekly treasury and staking disclosures can act as a near-term catalyst because they directly update the market on the size of its Ethereum position, liquidity, and potential staking-derived revenue. The same update highlighted that 4,712,917 ETH was staked (around 90% of its ETH position) and indicated the pace of ETH accumulation has slowed versus earlier targets.
3. Key figures to watch next
Investors will likely focus on (a) the next weekly change in ETH token count, (b) the staked ETH percentage and implied annualized staking revenue metrics referenced in the update, and (c) any subsequent SEC filing that formalizes these disclosures as an 8-K Item 7.01 Reg FD communication or contains incremental capital actions.
