Bitmine Immersion Technologies Reports $13.1 Billion in Crypto and Cash Holdings

Bitmine Immersion Technologies, Inc. announced its Ethereum (ETH) holdings have reached 5.18 million tokens, representing 4.29% of the total ETH supply. The company now holds a combined total of $13.1 billion in crypto and cash assets. Bitmine's recent uplisting to the New York Stock Exchange is a significant milestone.

The firm leads the market with 4,362,757 staked ETH, valued at $10.2 billion. Bitmine aims for 5% ETH supply ownership, actively buying 101,745 ETH in a single week. It remains a top player with annualized staking revenues of $297 million.

Bitmine's stock ranks as the 173rd most traded in the U.S., with daily volumes averaging $625 million. The company's MAVAN platform supports high-grade staking for institutional investors.