Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.54 Million Tokens, and Total Crypto and Total Cash Holdings of $9.6 Billion
Bitmine said it bought 126,971 ETH last week and now holds 4.59% of ether supply as it keeps staking through MAVAN.
- On Monday, Bitmine Immersion Technologies, Inc. announced it acquired 126,971 ETH over the past week, lifting total holdings to 5.54 million tokens valued at roughly $9.3 billion.
- Driven by its philosophy of the "alchemy of 5%," Bitmine is accelerating accumulation to reach its goal of owning 5% of total ETH supply, with Chairman Thomas "Tom" Lee guiding the strategy.
- Bitmine has staked 4.7 million ETH on MAVAN , generating a 7-day yield of 2.99% with projected annualized staking rewards of $270 million.
- Chairman Lee stated the firm increased buying because "this pullback in ETH prices does not reflect the strengthening of Ethereum fundamentals," positioning the market in early recovery stages.
- MAVAN intends to expand beyond Bitmine's treasury to serve institutional investors and ecosystem partners, while the firm remains among few large treasuries actively accumulating crypto amid broader market declines.
16 Articles
16 Articles
PR Newswire
The Manila TimesBitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.54 Million Tokens, and Total Crypto and Total Cash Holdings of $9.6 Billion
Bitmine owns 4.59% of the total ETH coin supply of 120.7 million Bitmine is 92% of the way to the 'Alchemy of 5%' in just 11 months Ethereum continues to...
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.54 Million Tokens, and Total Crypto and Total Cash Holdings of $9.6 Billion - BlockTelegraph
Bitmine owns 4.59% of the total ETH coin supply of 120.7 million Bitmine is 92% of the way to the ‘Alchemy of 5%’ in just 11 months Ethereum continues to benefit from the dual tailwinds of Wall Street tokenizing on the blockchain and from agentic AI systems increasingly needing public and neutral blockchains Bitmine has 4,718,677 staked ETH, representing $7.7 billion at $1,630 per ETH MAVAN (Made in America VAlidator Network) is a premier Ethere…
BitMine Stock Gains as Ether Holdings Approach 5% Target
BitMine Immersion Technologies shares jumped 6% after revealing ether holdings climbed to 5.54 million tokens, now 4.59% of Ethereum’s supply, with $9.6 billion in crypto, cash and stakes. The company priced a $273.8 million preferred stock offering, with proceeds possibly funding more ETH purchases and staking. BitMine projects $230 million in annualized staking revenues but warns of risks if ETH or financing falters. The post BitMine Stock Gai…
Coverage Details
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
