on BitMine Immersion Technologies, Inc.
Bitmine Immersion Technologies Reports Significant Crypto Holdings
Bitmine Immersion Technologies, Inc. has announced that its ETH holdings have reached 5.77 million tokens. This represents 4.8% of the total ETH coin supply. The company's total crypto holdings, cash, and marketable securities amount to $11.3 billion. Bitmine's strategy focuses on long-term crypto accumulation, with a notable stake in Ethereum as its primary treasury reserve asset.
In June 2026, Bitmine was added to the Russell 1000 Large-cap index. The addition is anticipated to attract institutional investors. Bitmine's Series A Preferred Stock is actively traded on the NYSE. The company reported $273.8 million in net proceeds from a recent stock offering.
Bitmine has staked 4,917,189 ETH, with expected annualized staking rewards projected at $284 million. Through its MAVAN platform, Bitmine provides a leading Ethereum staking destination for institutional investors.
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