Bitmine Immersion Technologies reports $14.3 billion in crypto and cash holdings, including 6.07 million ETH
Bitmine Immersion Technologies announced that it holds 6,070,092 ETH tokens, representing 4.97% of the total Ethereum supply of 122.2 million, valued at $2,234 each. The company’s total crypto, cash and marketable‑securities holdings amount to $14.3 billion, with $475 million in cash and $11.7 billion in staked ETH. It projects annualized staking rewards of $359 million once all ETH is fully staked. The disclosure coincided with a 0.80% drop in BMNR shares to $18.61.
Why it matters
The company’s large ETH treasury and projected staking income could boost future cash flow, which investors may factor into valuation models (the press release notes the $359 million annualized reward). The share price fell 0.80% after the announcement, reflecting market reaction to the disclosed exposure.
Key facts
- 1Bitmine holds 6,070,092 ETH tokens, valued at $2,234 each, representing 4.97% of the total supply of 122.2 million ETH. prnewswire.com
- 2Total crypto, cash and marketable‑securities holdings are $14.3 billion. prnewswire.com
- 3Cash and marketable securities total $475 million. prnewswire.com
- 4Staked ETH amounts to 5,227,037 tokens, valued at $11.7 billion. prnewswire.com
- 5Projected annualized staking rewards are $359 million when all ETH is fully staked. investing.com
- 6BMNR shares fell 0.80% to $18.61 after the announcement. grafa.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.