BitMine Immersion (BMNR) Reports $9.6B Crypto and Cash Holdings, Led by Ethereum Treasury

BitMine Immersion Technologies Inc. (NYSE:BMNR) reported on June 8 that its total crypto and cash holdings reached $9.6 billion, led by a substantial Ethereum treasury position. The company disclosed more than 5.5 million ETH, with smaller Bitcoin positions, cash reserves, and additional strategic investments. It now controls about 4.59% of the total ETH supply, supported by aggressive accumulation and large‑scale staking via its institutional MAVAN platform. This Ethereum treasury positions BitMine as one of the world’s largest ETH treasuries and signals a strategic pivot from Bitcoin mining to ecosystem assets. BMNR also highlighted broader staking platform development and equity “moonshot” positions as part of infrastructure expansion, arguing Ethereum’s long‑term role will underpin decentralized finance and AI‑driven systems.