staking News & Analysis

BitMine Immersion (BMNR) Reports $9.6B Crypto Holdings as of June 8

BitMine Immersion Technologies Inc. (BMNR) reported total crypto and cash holdings of $9.6 billion as of June 8, primarily from a treasury of over 5.5 million ETH. The company controls approximately 4.59% of the total ETH supply, supported by large-scale staking operations. Its institutional staking platform, MAVAN, contributes to projected annual staking revenue, bolstering its position as one of the largest Ethereum treasuries globally. BitMine is also expanding infrastructure and strategic investments in the crypto ecosystem, aligning its strategy with anticipated growth in blockchain adoption.