Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach Unprecedented World Record of 5.078 Million Tokens, and Total Crypto and Total C…
Bitmine Immersion Technologies (BMNR) announced its ETH holdings reached a record 5.078 million tokens, representing 4.21% of the total ETH supply. The company's total crypto, cash, and 'moonshots' holdings total $13.3 billion.
Bitmine Immersion Technologies, Inc. (BMNR) has announced that its Ethereum (ETH) holdings have reached an unprecedented 5.078 million tokens. This represents 4.21% of the total ETH supply of 120.7 million. The company's ETH holdings are valued at $12 billion, with an additional $940 million in cash and other crypto holdings, totaling $13.3 billion. Bitmine's ETH accumulation pace has been significant, reaching 5 million ETH in just 10 months. The company has also launched MAVAN, an institutional-grade Ethereum staking platform. Bitmine is supported by institutional investors, including ARK's Cathie Wood and Founders Fund, as it aims to acquire 5% of the ETH supply. The company's stock is listed on the New York Stock Exchange (NYSE) and trades $845 million per day on average.
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