{"id":2048,"date":"2026-06-30T07:14:39","date_gmt":"2026-06-30T07:14:39","guid":{"rendered":"https:\/\/xrpfaucet.site\/?p=2048"},"modified":"2026-06-30T07:14:39","modified_gmt":"2026-06-30T07:14:39","slug":"bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-70-million-tokens-and-total-crypto-and-total-cash-holdings-of-9-8-billion","status":"publish","type":"post","link":"https:\/\/xrpfaucet.site\/?p=2048","title":{"rendered":"Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.70 Million Tokens, and Total Crypto and Total Cash Holdings of $9.8 Billion"},"content":{"rendered":"
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\ud83d\udcf0 Exclusive Crypto News & Analysis:<\/strong> Stay ahead with the latest developments in the cryptocurrency and blockchain space.<\/p>\n

\ud83d\udcc8 Market Update:<\/strong> Real-time price movements, technical analysis, and trading signals.<\/p>\n

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Bitmine owns 4.7% of the total ETH coin supply of 120.7 million<\/i><\/b><\/p>\n

Bitmine is 94% of the way to the \u2018Alchemy of 5%\u2019 in just 11 months<\/i><\/b><\/p>\n

Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026<\/i><\/b><\/p>\n

Bitmine\u2019s Series A Preferred Stock is trading on the NYSE under the symbol BMNP<\/i><\/b><\/p>\n

Bitmine has 4,879,157 staked ETH, representing $7.7 billion at $1,569 per ETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors<\/i><\/b><\/p>\n

Bitmine owns $74 million of Eightco, now one of the only publicly listed equities in the world to provide investors indirect exposure to OpenAI<\/i><\/b><\/p>\n

Bitmine Crypto + Total Cash Holdings & Marketable Securities + \u201cMoonshots\u201d total $9.8 billion, including 5.70 million ETH tokens, total cash & marketable securities of $555 million, and other crypto holdings<\/i><\/p>\n

Bitmine remains supported by a premier group of institutional investors including ARK\u2019s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas \u201cTom\u201d Lee to support Bitmine\u2019s goal of acquiring 5% of ETH<\/i><\/p>\n

NORWALK, Conn.<\/span>, June 29, 2026<\/span> \/PRNewswire\/ \u2014 (NYSE: BMNR) Bitmine Immersion Technologies, Inc. (\u201cBitmine\u201d or the \u201cCompany\u201d) a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced Bitmine crypto + total cash & marketable securities + \u201cmoonshots\u201d <\/i>holdings totaling $9.8 billion.<\/p>\n

\n \"Bitmine\n <\/p>\n

As of June 28, 2026 at 3:00pm ET, the Company\u2019s crypto holdings are comprised of 5,700,040 ETH at $1,569 per ETH, 206 Bitcoin (BTC), $180 million stake in Beast Industries, $74 million stake in Eightco Holdings\u00a0(\u201cmoonshots\u201d) and total cash & marketable securities of $555 million. Bitmine\u2019s ETH holdings are 4.7% of the ETH supply (of 120.7 million ETH).<\/p>\n

\u201cThe future roadmap for crypto remains positive as the dual drivers of Wall Street modernizing its legacy infrastructure on crypto rails and the future of agentic-AI payment systems on crypto rails remain intact. Bitmine remains focused on the longer-term horizon and continues to manage the company to be positively positioned for these exponential drivers,\u201d stated Thomas \u201cTom\u201d Lee, Chairman of Bitmine.<\/p>\n

\u201cThis past week was a challenging one for crypto investors as ETH fell by 8%, even as Ethereum witnessed notable positive developments such as the creation of Ethlabs, and even the Bank of England softened its stance around stablecoins. We are nearing quarter-end for June, and it is not surprising to see \u2018window dressing\u2019 leading to investors reducing their holdings in assets which have fallen in the past 3 months,\u201d stated Lee.<\/p>\n

On June 26, Bitmine was added to the Russell 1000 Large-cap Index, in conjunction with the annual reconstitution of this index. The Investment Company Institute, or ICI, estimates that passive investment funds and ETFs typically represent 18-20% of the shares of a company.<\/p>\n

\u201cBeing added to the Russell 1000 is expected to add hundreds and possibly thousands of additional institutional investors as equity owners of Bitmine,\u201d continued Lee.<\/p>\n

On June 10, Bitmine closed its offering (the \u201coffering\u201d) registered under the Securities Act of 1933, as amended, of 3,500,000 shares of 9.50% Series A Perpetual Preferred Stock (the \u201cSeries A Preferred Stock\u201d), at a public offering price of $80.00 per share.
The Company received net proceeds from the offering of approximately $273.8 million, after deducting the underwriting discounts and commissions and the Company\u2019s estimated offering expenses. The Series A Preferred Stock is trading on the NYSE under the symbol BMNP. The dividends for BMNP are scheduled to be paid weekly, subject to the terms of the applicable Certificate of Designations.<\/p>\n

On June 11, 2026, Bitmine was named to the Fortune 100 Crypto List (link here<\/a>). Fortune published this definitive ranking of the most influential companies in blockchain and draws on rigorous data analysis by Inca Digital and a survey of leading crypto experts, according Fortune Magazine.<\/p>\n

On May 11, 2026, Bitmine released the latest Chairman\u2019s Message (link here<\/a>) for May 2026.<\/p>\n

\u201cOver the past week, we acquired 27,084 ETH. We continue to maintain a steady pace of accumulation throughout 2026. We believe we are in the early stages of crypto spring. Bitmine is expected to reach the \u2018alchemy of 5%\u2019 sometime in 2026,\u201d stated Lee.<\/p>\n

Bitmine recently launched MAVAN (the Made in American VAlidator Network), the institutional grade staking platform. While MAVAN was originally developed to support Bitmine\u2019s own Ethereum treasury, MAVAN intends to expand to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. A portion of Bitmine\u2019s ETH is already staked on the MAVAN platform.<\/p>\n

As of June 28, 2026, Bitmine total staked ETH stands at 4,879,157 ($7.7 billion at $1,569 per ETH). \u201cBitmine has staked more ETH than other entities in the world. At scale (when Bitmine\u2019s ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward is $246 million on an annualized basis (using 2.75% 7-day BMNR yield),\u201d stated Lee.<\/p>\n

\u201cAnnualized staking revenues are now projected at $211 million. And this 4.9 million\u00a0ETH is over 85% of the 5.7 million ETH held by Bitmine. Bitmine\u2019s own staking operations generated a 7-day yield of 2.75% (annualized),\u201d continued Lee.<\/p>\n

Bitmine\u2019s crypto holdings reign as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc., which reportedly owns 847,363 BTC valued at $50 billion. Bitmine remains the largest ETH treasury in the world. <\/p>\n

Bitmine is one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $643 million (5-day average, as of June 26, 2026), ranking #240 in the US, behind Monster Beverages (rank #239) and ahead of Oklo (rank #241) among 5,704 US-listed stocks (statista.com<\/a> and Fundstrat research).<\/p>\n

Bitmine management believes the GENIUS Act and Securities and Exchange Commission\u2019s (the \u201cSEC\u201d) Project Crypto are as transformational to financial services in 2025 as US action on August 15, 1971 ending Bretton Woods and the USD on the gold standard 54 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today. These proved to be better investments than gold.<\/p>\n

The Chairman\u2019s message can be found here:
https:\/\/www.Bitminetech.io\/chairmans-message<\/a><\/p>\n

The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https:\/\/Bitminetech.io\/investor-relations\/<\/a><\/p>\n

To stay informed, please sign up at: https:\/\/Bitminetech.io\/contact-us\/<\/a><\/p>\n

About Bitmine
<\/b>Bitmine<\/a> (NYSE: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of \u201cthe alchemy of 5%,\u201d the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in 2026.<\/p>\n

For additional details, follow on X:
https:\/\/x.com\/bitmnr<\/a>
https:\/\/x.com\/fundstrat<\/a><\/p>\n

Forward Looking Statements
<\/b>This press release contains statements that constitute \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. These forward-looking statements can be identified by terms such as \u201cexpects,\u201d \u201cprojects,\u201d \u201cprojected,\u201d \u201cintends,\u201d \u201cbelieves,\u201d \u201canticipates,\u201d \u201cestimates,\u201d and similar expressions. This document specifically contains forward-looking statements regarding: (i) the Company\u2019s goals regarding ETH acquisition, including the \u2018Alchemy of 5%\u2019 initiative and the expectation that Bitmine will reach this goal sometime in 2026; (ii) the Company\u2019s beliefs and expectations regarding the cryptocurrency market, including the view that the future roadmap for crypto remains positive as the dual drivers of Wall Street modernizing its legacy infrastructure on crypto rails and the future of agentic-AI payment systems on crypto rails remain intact; (iii) the Company\u2019s belief that it is in the early stages of \u201ccrypto spring\u201d; (iv) the expectation that being added to the Russell 1000 will add hundreds and possibly thousands of additional institutional investors as equity owners of Bitmine; (v) the Company\u2019s digital asset accumulation strategy and staking operations, including projected annualized ETH staking rewards of approximately $246 million (when Bitmine\u2019s ETH is fully staked by MAVAN and its staking partners) and current projected annualized staking revenues of approximately $211 million; (vi) MAVAN\u2019s intended expansion to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure; (vii) management\u2019s belief that the GENIUS Act and SEC Project Crypto are as transformational to financial services as US action on August 15, 1971 ending Bretton Woods and the USD gold standard; and (viii) continued growth and advancement of the Company\u2019s Ethereum treasury strategy. In evaluating these forward-looking statements, you should consider various factors, including: Bitmine\u2019s ability to keep pace with new technology and changing market needs; Bitmine\u2019s ability to finance its current business, Ethereum treasury operations, and proposed future business; the competitive environment of Bitmine\u2019s business; market conditions affecting the trading price of the Company\u2019s common stock and Series A Preferred Stock; regulatory developments affecting digital assets, including the ultimate enactment and implementation of pending legislation and SEC initiatives; the volatility and unpredictability of digital asset prices; the performance, reliability, and security of the Company\u2019s staking operations; risks related to AI systems and their impact on cryptocurrency markets; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine\u2019s control, including those set forth in the Risk Factors section of Bitmine\u2019s Form 10-K filed with the SEC on November 21, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of Bitmine\u2019s filings with the SEC are available on the SEC\u2019s website at www.sec.gov<\/a>. Bitmine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.<\/p>\n

\n \"STAKING:\n <\/p>\n

\n \"ALCHEMY\n <\/p>\n

\n \"Bitmine\n <\/p>\n<\/p><\/div>\n

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\ud83d\udcf0 Exclusive Crypto News & Analysis: Stay ahead with the latest developments in the cryptocurrency and blockchain space. \ud83d\udcc8 Market Update: Real-time price movements, technical analysis, and trading signals. Bitmine owns 4.7% of the total ETH coin supply of 120.7 million Bitmine is 94% of the way to the \u2018Alchemy of 5%\u2019 in just 11 …<\/p>\n","protected":false},"author":1,"featured_media":2049,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-2048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/2048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2048"}],"version-history":[{"count":0,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/2048\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/media\/2049"}],"wp:attachment":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}