other material
confidence high
sentiment positive
materiality 0.80
Bitmine holds 5.62M ETH ($9.66B), total holdings $10.4B; closes $273.8M preferred offering
BITMINE IMMERSION TECHNOLOGIES, INC.
- ETH holdings of 5,620,754 tokens (4.66% of supply) at $1,718/ETH as of June 14, 2026.
- Total crypto + cash & marketable securities + 'moonshots' = $10.4B; staked ETH 4,718,677 ($8.1B).
- Closed 3.5M shares of 9.50% Series A Perpetual Preferred Stock at $80/share; net proceeds ~$273.8M.
- Series A Preferred (BMNP) begins trading June 16; first weekly dividend of $0.2639 payable July 6.
- Annualized staking rewards projected at $226M; 7-day staking yield 2.79%.