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

ETH-1.53%
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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