on BitMine Immersion Technologies, Inc.
Bitmine Immersion Technologies Reports Crypto Holdings of $13.4 Billion
Bitmine Immersion Technologies, Inc. has announced holding 5.21 million Ethereum tokens, making up 4.31% of the total ETH supply. This move is part of Bitmine's aggressive crypto accumulation strategy, which resulted in total crypto and cash holdings reaching $13.4 billion.
The company's ETH holdings are valued at $11.1 billion, and it holds additional diverse assets inclusive of $201 million in Bitcoin and stakes in companies such as Eightco. Bitmine's significant ETH holdings are largely staked in its MAVAN platform, anticipated to generate substantial annual staking revenues.
The company recently upgraded its listing to the New York Stock Exchange and continues to be closely followed by prominent investors. As of early May 2026, Bitmine ranks among the top traded stocks in the US with average daily trades of $816 million.
R. H.
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