Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.28 Million Tokens, and Total Crypto and Total Cash Holdings of $12.6 Billion

Ether price fell sharply below $2,100 as increasing sell pressure on Binance and persistent ETF outflows fueled bearish momentum.

BitMine Immersion Technologies added $151 million in Ethereum amid last week's price slide, with Tom Lee citing the "attractive opportunity."

Tom Lee said Bitmine expects to reach its long-term goal of owning 5% of Ethereum's supply sometime during 2026.

Bitmine Immersion Technologies now holds 5.28 million ethereum tokens worth more than $11.5 billion, putting the company within reach of controlling 5% of the entire ETH supply. Tom Lee Says Bitmine Will Hit 5% of ETH Supply Sometime in 2026 The Norwalk, Conn.-based company reported the figures as of May 18, 2026, disclosing total crypto, […]

Bitmine added 71,672 Ethereum in one week, lifting holdings to 5.28M ETH, or 4.37% of supply, with $12.6B in crypto and cash.

Ethereum’s price weakness may be approaching a decisive turning point, according to a new technical analysis comparing the current ETH structure with previous market cycles. The pattern that formed before the 2017 parabolic run and again before the 2020 breakout is now reappearing in 2026, and the long-term chart is showing a structure that could be the start of a phase that pushes its price to as high as $8,000. A Cycle That Has Played Out Twice Before Ethereum has spent the past several months doing what most of the market has chosen to ignore: building. The leading altcoin has largely underperformed compared to Bitcoin, but the weekly chart is assembling the same structural sequence that preceded two of the biggest rallies in its price history. Related Reading: XRP Wave Count Remains Valid: Here Are The Levels To Watch Out For Technical analysis shows that ETH has followed a recognizable four-phase sequence in the previous two cycles: a prolonged downtrend, a compression phase and d

AFX, a sovereign Layer 1 purpose-built for decentralized derivatives trading, has officially commenced the operation of its L1 Mainnet, signaling a definitive end to the era of trade execution compromised by general-purpose blockchain congestion. Engineered for the world’ s most demanding participants, AFX introduces the Sovereign Trading Layer—a dedicated financial environment where the non-custodial transparency […] The post AFX Launches Sovereign Layer 1, Providing an Optimized Execution Environment for On-chain Perp DEXes appeared first on Live Bitcoin News.

PRNewswire, PRNewswire, 18th May 2026, Chainwire