other material
confidence high
sentiment positive
materiality 0.80
Bitmine holds 5.93M ETH ($15.7B total), terminates staking MSA for 1.5% fee
BITMINE IMMERSION TECHNOLOGIES, INC.
- ETH holdings 5,929,198 (4.9% of supply) worth $14.8B at $2,495; total crypto+cash+moonshots $15.7B.
- Staked ETH 5,067,309 ($12.6B); annualized staking revenue projected $330M, $386M if fully staked; 7-day yield 2.61%.
- Terminated MSA with Ethereum Tower effective Sept 3; new advisory deal with American Validator LLC at 1.50% of staking rewards, no early termination penalties.
- Acquired 28,086 ETH in past week; common stock +99% QTD, 4th best in Russell 1000.
- Holdings include 211 BTC, $180M Beast Industries, $91M Eightco (ORBS), $593M cash.