Bitmine Immersion Technologies has increased its Ethereum holdings to 5.7422 million ETH, representing about 4.8% of the total Ethereum supply. As of June 28, the company's crypto assets, cash, and marketable securities totaled approximately $11.1 billion. This includes 206 BTC, $527 million in cash and marketable securities, and equity stakes in Beast Industries and Eightco valued at $180 million and $71 million, respectively.
Bitmine has staked 4.8792 million ETH, achieving an annualized yield of 2.68% through its MAVAN staking platform. The company aims to reach its "Alchemy of 5%" goal by holding 5% of the total Ethereum supply by 2026.
Bitmine Expands Ethereum Holdings to 5.74 Million ETH
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