Bitmine Immersion Technologies Announces $11.6 Billion in Crypto and Cash Holdings

Summary

Bitmine Immersion Technologies, Inc. announced that its crypto and cash holdings total $11.6 billion as of May 31, 2026. The company holds 5.42 million ETH tokens, representing 4.49% of the total ETH supply, and has $446 million in cash. Bitmine is 90% of the way to its goal of acquiring 5% of the ETH supply. The company also has stakes in other crypto assets and is supported by prominent institutional investors. Bitmine's ETH holdings are staked through its MAVAN platform, which is expected to generate annualized staking revenues of $258 million.