Bitmine Immersion holds 4,371,497 ETH, 3.62% of total supply, with 3,040,483 staked
Bitmine Immersion Technologies (NYSE American: BMNR) holds 4,371,497 ETH, representing about 3.62% of total ETH supply, with 3,040,483 ETH staked, following a $90 million acquisition last week. The firm also holds 193 BTC and $670 million in cash, valuing its ETH position near $8.7 billion at $1,998 per ETH. The company said annualized staking revenues are approximately $176 million, and it targets the planned staking infrastructure launch, MAVAN, in Q1 2026.