Bitmine Immersion Technologies Reports Increased Ethereum Holdings
Bitmine Immersion Technologies announced on June 9, 2026, that its Ethereum (ETH) holdings have reached 5.54 million tokens. The company's total cryptocurrency and cash reserves now amount to $9.6 billion.
Bitmine Immersion Technologies announced on June 9, 2026, a significant expansion of its cryptocurrency assets, particularly its Ethereum (ETH) holdings.
The company stated that its ETH holdings now total 5.54 million tokens. This represents 4.59% of the total Ethereum supply of 120.7 million tokens. Combined with other digital assets and cash, the company's total reserves are valued at approximately $9.6 billion.
A portion of the staked ETH, amounting to 4,718,677 ETH, is valued at around $7.7 billion based on an assumed ETH price of $1,630. The company's staking activities are supported by MAVAN (Made in America Validator Network), an Ethereum staking platform focused on security and performance.
Bitmine also reported holding $88 million in Eightco (NASDAQ: ORBS), currently valued at $83 million, which offers investors indirect exposure to OpenAI. The company cited the growing trend of tokenization on Wall Street and the increasing demand for public, neutral blockchains from autonomous AI systems as benefiting Ethereum.