Business UpdateJun 1, 2026, 08:51 AM
Bitmine ETH Holdings Reach 5.42M Tokens; Total Crypto/Cash $11.6B
AI Summary
Bitmine Immersion Technologies announced its crypto and total cash holdings have reached $11.6 billion, driven by its substantial Ethereum (ETH) accumulation. The company now holds 5.42 million ETH tokens, representing 4.49% of the total ETH supply, and is 90% towards its goal of acquiring 5%. Bitmine also launched MAVAN, an institutional-grade Ethereum staking platform, with 4.72 million ETH already staked, projecting $258 million in annualized staking revenues.
Key Highlights
- Bitmine's total crypto and cash holdings reached $11.6 billion.
- ETH holdings increased to 5.42 million tokens, valued at approximately $10.85 billion at $2,003 per ETH.
- The company now owns 4.49% of the total ETH coin supply, aiming for 5%.
- 4,718,677 ETH are currently staked, representing $9.5 billion.
- Bitmine launched MAVAN, an institutional-grade Ethereum staking platform.
- Annualized ETH staking rewards are projected at $258 million.
- Other holdings include $446 million in cash, 203 Bitcoin, $180 million in Beast Industries, and $93 million in Eightco Holdings.
- Bitmine acquired 26,497 ETH in the past week.
Price Impact
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