Business UpdateJun 15, 2026, 08:47 AM
Bitmine Crypto & Cash Holdings Reach $10.4B; 5.62M ETH Tokens
AI Summary
Bitmine Immersion Technologies announced its total crypto, cash, and marketable securities holdings reached $10.4 billion as of June 14, 2026. This includes 5.62 million ETH tokens, representing 4.66% of the total ETH supply, and $502 million in cash and marketable securities. The company also closed an offering of 3.5 million shares of 9.50% Series A Perpetual Preferred Stock, generating $273.8 million in net proceeds, with trading expected to begin on NYSE under BMNP on June 16, 2026. Bitmine was also named to the Fortune Crypto 100 list for 2026.
Key Highlights
- Total crypto, cash, and marketable securities holdings reached $10.4 billion as of June 14, 2026.
- Holds 5.62 million ETH tokens, valued at $8.1 billion, representing 4.66% of the total ETH supply.
- Closed offering of 3.5 million shares of 9.50% Series A Preferred Stock at $80.00 per share.
- Received net proceeds of approximately $273.8 million from the preferred stock offering.
- Series A Preferred Stock (BMNP) is expected to begin trading on NYSE on June 16, 2026.
- Staked 4,718,677 ETH ($8.1 billion), with projected annualized staking rewards of $219 million.
- Holds $88 million stake in Eightco (NASDAQ: ORBS) and $180 million in Beast Industries.
- Declared a weekly cash dividend of $0.2639 per share on Series A Preferred Stock, payable July 6, 2026.
Price Impact
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