Markets & Economy
Bitmine Immersion Technologies: $9.6B Crypto+Cash Treasury and 4.423M ETH Holdings
Bitmine reports $9.6B in combined crypto, cash and strategic stakes, including 4,422,659 ETH (≈$1,958/ETH) and 3.04M ETH staked, and says MAVAN staking infrastructure will roll out in early 2026 to monetize protocol-level yield. Third‑party commentary and market data, however, point to a recent synchronized ~30% drawdown in ETH and the stock, an estimated ~$6.6B of unrealized losses versus prior peak valuations, and liquidity strains that underscore financing and mNAV gap risks.