Funding
Bitmine Immersion Technologies Announces Significant Funding
Bitmine Immersion Technologies (BMNR) has announced that its ETH holdings have reached 6.03 million tokens, representing a significant portion of the total ETH supply of 122.1 million. The company has also reported a total crypto and total cash & marketable securities holdings of $16.2 billion. Bitmine has been actively accumulating ETH, with a track record of consistent weekly purchases since June 2025. The company has raised funds through the issuance of Bitmine 9.5% Perpetual Preferred stock (BMNP), which has gained 24% since its issuance. The Chairman's message titled 'Crypto Bull Underway — This Cycle Likely the Largest' was released on October 7, emphasizing the company's position in the upcoming crypto bull market. The announcement highlights Bitmine's strategic steps and its strong financial position, including its significant ETH holdings and preferred stock trading on the NYSE.