on BitMine Immersion Technologies, Inc.
Bitmine Immersion Technologies' Crypto Holdings Expand to $14.5 Billion
Bitmine Immersion Technologies announces a significant milestone in its crypto holdings, reaching a total of $14.5 billion. This includes 4.203 million ETH tokens and $979 million in cash. The company now owns 3.48% of the total ETH supply and is 70% towards its goal of holding 5% of ETH.
Recently, Bitmine invested $200 million into Beast Industries. This strategic move aligns with Bitmine's long-term investment goals, while enhancing its presence in the crypto market alongside other leading investors.
The company continues to grow its Ethereum treasury, benefiting from increasing price ratios and partnerships with major institutions building on Ethereum. Staking efforts through MAVAN, set to launch in early 2026, aim to yield $374 million annually in fees.
Bitmine remains a prominent stock in the US, achieving high trading liquidity and bolstered by support from significant institutional investors.
R. H.
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