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BitMine Adds $62.1M in ETH on May 11, Total Holdings Reach 5.2M Tokens

GateNews
ethereum news
ETH0.84%

According to BitMine Immersion Technologies, on May 11, 2026, the company purchased an additional 26,659 ETH for approximately $62.1 million. With this acquisition, BitMine’s total Ethereum holdings have reached 5,206,790 ETH, representing approximately 4.3% of the total circulating supply, making it the world’s largest corporate holder of Ethereum. The company’s total crypto and cash holdings now stand at approximately $13.4 billion, including a $775 million cash reserve. BitMine noted that the purchase represents a slight deceleration from its previous accumulation pace, as the company manages concentration risk while approaching its long-term target.

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In-Depth Analysis

Tom Lee: Ethereum supply is in a “deflationary” state; Bitmine intentionally slowed its accumulation

Market Whisper05-12 02:45

Bitmine Slows ETH Accumulation Below 100K Weekly Pace

Crypto Frontier05-11 15:29

Bitmine holds 5.21 million ETH, Tom Lee predicts cumulative momentum will slow

ChainNewsAbmedia05-11 13:47
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