Bitmine Immersion Technologies, Inc. provided an operational update, announcing its total crypto, cash, and investment holdings have reached $9.8 billion as of June 28, 2026. The company's Ethereum (ETH) holdings now total 5.7 million tokens, representing approximately 4.7% of the total ETH supply.
Key Details
- Asset Breakdown: Holdings include 5.7 million ETH (valued at $1,569/ETH), 206 BTC, $555 million in cash and marketable securities, a $180 million stake in Beast Industries, and a $74 million stake in Eightco Holdings.
- Staking Operations: The company has 4.88 million ETH staked (worth $7.7 billion), which generates a projected annualized revenue of $211 million. This is facilitated by its recently launched MAVAN institutional staking platform.
- Recent Developments: Bitmine was added to the Russell 1000 Large-cap Index on June 26, 2026, and recently raised approximately $273.8 million in net proceeds from a preferred stock offering on June 10, 2026.