Bitmine reports 5.39M ETH holdings (4.47% of supply); Metaplanet plans ¥8B bond sale to buy BTC

ME News said that on May 27 (UTC+8), citing BBX data, the largest publicly traded Ethereum holder disclosed an updated SEC filing dated May 26. Bitmine Immersion Technologies, Inc. (NYSE: $BMNR) filed a Form 8-K stating it held 5.39 million ETH as of May 26, equal to 4.47% of total ETH supply. The company said it is targeting a 5% share of supply and has reached 89% of that goal. It reported total crypto assets, cash, and strategic equity investments of about $12.3 billion. Bitmine said 4,712,917 ETH were staked, valued at roughly $10.1 billion using an ETH price of $2,134. The 7-day annualized staking yield was 2.75%, implying about $276 million of annualized income if all holdings were staked. Its proprietary validator-node platform, MAVAN, has opened staking services to external institutions. Chairman Tom Lee said that if ETH closes May above $2,100, it would be the first time Ethereum has posted three consecutive positive monthly closes, noting this has never happened during a crypto bear market. Over the past five days, $BMNR averaged about $572 million in daily trading volume, ranking 193rd among the most actively traded U.S. stocks. Strive, Inc. (NASDAQ: ASST) also filed a Form 8-K on May 26. It reported that between May 18 and May 22, its BTC holdings rose from 15,391 to 16,500 BTC, a net increase of 1,109 BTC. Cash increased from $87.3 million to $93.3 million (+$6 million), and STRC holdings rose from $49.8 million to $50.1 million. Over the same period, Class A common shares increased by about 2.23 million shares due to conversion of SATA preferred shares, while the total number of SATA preferred shares increased by about 515,000. Strive said it continues to accumulate BTC primarily through the issuance of SATA preferred shares; as of May 19, BTC yield since 2026 was about 18.4%. (Source: ChainCatcher)