Bitmine's Crypto Holdings Soar to $10.4B Amid Ethereum Price Volatility

Bitmine Immersion Technologies (BMNR) has announced that its total crypto and cash holdings amount to $10.4 billion, making it one of the largest treasuries in the world. The company's Ethereum (ETH) holdings have reached 5.62 million tokens, representing a significant portion of the global ETH supply.

Bitmine owns 4.66% of the total ETH coin supply, which is valued at approximately $9.6 billion at current prices. The company has also staked 4,718,677 ETH on its own institutional-grade staking platform, MAVAN, generating a projected annualized staking reward of $269 million.

Bitmine's Series A Preferred Stock offering raised $273.8 million in net proceeds, which will be used to support the company's operations and dividend payments. The stock is expected to begin trading on the NYSE under the symbol BMNP on June 16, 2026.