Bitmine lifts ether treasury to 5.28 million ETH as total holdings top $12 billion
The Block
Bitmine Immersion Technologies has expanded its Ethereum treasury to 5.28 million ETH, currently valued at over $12 billion.Summary
Bitmine Immersion Technologies now holds 5.28 million ETH, representing 4.37% of the total circulating supply. This treasury is valued at approximately $11.6 billion, making the company the largest corporate ETH holder globally. The firm aims to reach a 5% supply target by 2026. Additionally, Bitmine has staked 89% of its holdings, generating significant annualized revenue through its MAVAN platform, while maintaining $685 million in cash reserves.
(Source：The Block)