Bitmine Immersion Technologies Acquires 52,203 ETH Pushing Total Holdings to $10.7 Billion
2026-06-23 23:30

Per Woofun AI data, Bitmine Immersion Technologies acquired 52,203 ETH during the past week, elevating its combined cryptocurrency, cash, securities, and equity portfolio to $10.7 billion as of June 21, 2026. This accumulation expanded the firm's total Ethereum position to 5,672,956 ETH, valued at approximately $9.8 billion based on an ETH price of $1,733.

Concurrently, the company maintains 205 Bitcoin, a $180 million stake in Beast Industries, and a $104 million stake in Eightco Holdings, alongside $601 million in cash and marketable securities.

Bitmine’s Ethereum holdings now constitute 4.7% of the total ETH supply, estimated at 120.7 million coins. Of this massive position, 4,718,677 ETH is currently staked through MAVAN (Made in American VAlidator Network) and its partners, representing over 83% of total holdings. These staking operations generated a 2.73% seven-day yield, projecting annualized revenue of roughly $223 million. Once all eligible ETH is fully staked, annualized rewards could reach $268 million. The firm recently closed an offering of 3.5 million shares of its 9.50% Series A Perpetual Preferred Stock, generating net proceeds of approximately $273.8 million. Trading under ticker BMNP, these shares offer weekly dividends. Bitmine’s crypto treasury stands as the largest Ethereum treasury globally and the second-largest digital asset treasury overall, trailing only Strategy Inc.’s Bitcoin holdings.

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Tags:
ETH
Bitcoin
BMNP
Tom Lee
MAVAN
Beast Industries
Eightco Holdings
Bitmine
Bitmine Immersion Technologies
Strategy Inc.
Ethereum
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