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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ronin Network Completes Migration to Ethereum Layer 2 via OP Stack on May 12
Ronin Network completed its strategic migration from a standalone sidechain to an Ethereum Layer 2 using the OP Stack on May 12, 2026. The transition involved approximately ten hours of scheduled downtime at block height 55,577,490, during which all in-game data, marketplace listings, and wallet
GateNews55m ago
Bitcoin Spot ETFs See $27.2M Net Inflows Yesterday; Ethereum ETFs Decline $17M
According to Farside Investors, U.S. spot Bitcoin ETFs saw net inflows of $27.2 million yesterday (May 11), with Morgan Stanley's MSBT accounting for $26.3 million of inflows. IBIT and FBTC recorded outflows of $7.4 million and $3.6 million, respectively.
Ethereum ETFs posted net outflows of $17 mi
GateNews2h ago
Bitcoin Surges Above $65,000, ETH Hits $1,900 as Crypto Stocks Rally Intraday
Bitcoin surged above $65,000 today, gaining over 2.7% intraday, while Ethereum rose above $1,900 with intraday gains exceeding 3%. Crypto-related stocks rallied in after-hours trading, with MicroStrategy (MSTR) up
GateNews3h ago
Ethereum Foundation Unstakes 21,271 ETH from Lido on May 12, Arkham Says No Immediate Selling Pressure
According to BlockBeats, the Ethereum Foundation unstaked 21,271 ETH from Lido on May 12. Arkham's analysis suggests the move reflects treasury rebalancing needs and is unlikely to trigger immediate selling pressure, despite initial market
GateNews3h ago
Ethereum Foundation Names Will Corcoran, Kev Wedderburn, and Fredrik Haga as New Protocol Cluster Co-Leads
According to an announcement on Monday, the Ethereum Foundation has named Will Corcoran, Kev Wedderburn, and Fredrik Haga as the new co-leads of its Protocol cluster. The move comes as prominent developers Barnabé Monnot and Tim Beiko plan to depart the organization, while Alex Stokes goes on
GateNews3h ago
Robert Kiyosaki warns that the global economy will collapse in 2026, listing silver as the top preferred survival asset
In a warning posted on X on May 11, Robert Kiyosaki, the author of Rich Dad Poor Dad and a seasoned investor, said that the global economy will collapse in 2026 and named silver (XAG) as the preferred survival asset for now, setting a target price of $200 per ounce; as of the time of reporting, silver spot was trading at about $85 per ounce. Kiyosaki’s Core Arguments: U.S. Debt and Weakness in the Dollar According to Kiyosaki’s statement on X, his economic-collapse warning is built on the follow
MarketWhisper3h ago
