Bitmine's ETH stash hits 5.39M (4.47% of supply); Strive boosts Bitcoin holdings by 1,109 BTC

According to BBX data cited by Huo Xing Cai Jing, the largest institutional holder of Ethereum disclosed updated positions in a new SEC filing dated May 26. Bitmine Immersion Technologies, Inc. (NYSE: $BMNR) filed a Form 8-K on May 26, reporting ETH holdings of 5.39 million as of that date, representing 4.47% of total ETH supply. The company said it is targeting 5% ownership and has reached 89% of that goal. Bitmine also reported the combined value of its crypto assets, cash and strategic equity investments at approximately $12.3 billion. The filing showed 4,712,917 ETH have been staked, valued at about $10.1 billion based on $2,134 per ETH. The 7-day annualized staking yield was reported at 2.75%, implying roughly $276 million in annualized income if the full balance were staked. Bitmine said its proprietary validator-node platform, MAVAN, has opened staking services to external institutions. Chairman Tom Lee said that if ETH's May closing price finishes above $2,100, it would be the first time Ethereum has posted three consecutive monthly closes in positive territory, adding that "this has never occurred during a crypto bear market." Bitmine's average daily trading volume over the past five days was about $572 million, ranking it as the 193rd most actively traded U.S. stock. Strive, Inc. (NASDAQ: ASST) disclosed in its May 26 Form 8-K that between May 18 and May 22, its BTC holdings rose from 15,391 to 16,500, a net increase of 1,109 BTC. Cash increased from $87.3 million to $93.3 million (+$6 million), and STRC holdings climbed from $49.8 million to $50.1 million. Over the same period, Class A common shares increased by roughly 2.23 million due to conversion of SATA preferred shares, while the total number of SATA preferred shares rose by about 515,000. Strive said it continues to accumulate BTC primarily through issuance of SATA preferred shares; as of May 19, the BTC yield since 2026 was approximately 18.4%.