Bitmine Reports 5,278,462 ETH Held on May 18, 2026; Tom Lee Eyes 5% Supply in 2026

Bitmine Immersion Technologies said that as of May 18, 2026 it held 5,278,462 ETH valued at $2,191 per token, describing the position as 4.37% of Ethereum's 120.7 million circulating supply. Chairman Tom Lee said the company added 71,672 ETH over the past week and expects Bitmine to reach its "alchemy of 5%" milestone sometime in 2026. The company also reported staking 4,712,917 ETH, with annualized staking revenue of $289 million based on a seven-day yield of 2.80%.