other material
confidence high
sentiment positive
materiality 0.85
Bitmine reports 4.596M ETH holdings ($11.5B total crypto+cash); increases Eightco stake by $80M
BITMINE IMMERSION TECHNOLOGIES, INC.
- ETH holdings of 4,595,562 tokens, representing 3.81% of total ETH supply (120.7M ETH).
- Total crypto + cash + moonshots $11.5B, including $1.2B cash, 196 BTC, and stakes in Beast Industries and Eightco.
- Increased investment in Eightco (ORBS) by $80M; ORBS now holds equity in OpenAI and Beast Industries.
- Acquired 5,000 ETH from Ethereum Foundation to support EF operations without open-market sales.
- Staked ETH of 3,040,515 generating $180M annualized staking revenue; MAVAN staking solution on track for Q1 2026.