Bitmine Immersion Technologies provided an operational update, announcing its total crypto, cash, and investment holdings have reached $10.7 billion. The company highlighted its significant position in Ethereum, holding 4.732 million ETH, which represents 3.92% of the total token supply. Bitmine also officially launched MAVAN, its institutional-grade staking platform, on March 25, 2026.
Key Details
- Total Holdings (as of March 29, 2026): $10.7 billion, comprised of 4.732 million ETH, $961 million in cash, 197 BTC, and other investments valued at over $300 million.
- Staking Operations: The company is currently staking 3.14 million ETH (valued at $6.3 billion), generating $177 million in annualized revenue. Bitmine launched its own staking platform, MAVAN, on March 25, 2026.
- Asset Accumulation: Bitmine continues to acquire ETH, purchasing 71,179 ETH in the past week, as part of its strategy to become a leading Ethereum treasury company.