Bitmine Immersion Technologies Reports $10.7B in Crypto and Cash Holdings, Owns 4.7% of Total ETH Supply
By
Bitmine Immersion Technologies, Inc.
Summary
Bitmine Immersion Technologies (BMNR) announces it holds 5.67 million ETH tokens, representing 4.7% of the total ETH coin supply of 120.7 million. The company reports total crypto and cash holdings of $10.7 billion, with 4,718,677 staked ETH valued at $8.2 billion. Bitmine is 94% of the way to its 'Alchemy of 5%' target within 11 months. The company also holds $104 million of Eightco (NASDAQ: ORBS). Its Series A Preferred Stock trades on the NYSE under BMNP, and its MAVAN (Made in America VAlidator Network) positions itself as a premier Ethereum staking destination for institutional investors.
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Key quotes
· 5 pulledBitmine owns 4.7% of the total ETH coin supply of 120.7 million
Bitmine is 94% of the way to the 'Alchemy of 5%' in just 11 months
Bitmine's Series A Preferred Stock is trading on the NYSE under the symbol BMNP
Bitmine has 4,718,677 staked ETH, representing $8.2 billion at $1,733 per ETH
MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors
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