BitMine Immersion Technologies just dropped their latest 8-K and wow their ETH stash hit 5,929,198 tokens with total crypto cash and other moonshot plays sitting at $15.7 billion as of September 7.
ETH Hoard Gets Even Darker 💀
They marked the ETH at $2,495 each per coinbase leaving the pile basically steady after last week’s 5.9 million token milestone 🖤. The crew snatched another 28,086 ETH in the past seven days and has been buying every single week since kicking this off on June 30 2025. That puts them at 4.9 percent of the full 122.0 million ETH supply and they are 97 percent toward their spooky goal of owning 5 percent total calling it their alchemy of 5 percent 🌙.
Staking Fees Flip to Flat Rate 🕸️
Their sub One and ethereum tower llc ended the old revenue share deal on September 4 with zero big penalties and amounts due through september 3 still getting paid out. Now they switched to american validator llc for a clean flat 1.50 percent fee on staking rewards instead. Bitmine stakes 5,067,309 ETH worth $12.6 billion or about 85 percent of the bag through their own mavan network with projected revenue at $330 million a year climbing to $386 million at full stake and a 2.61 percent yield 🔥.
Cash and securities climbed back to $593 million up from $541 million recently with 211 btc a $180 million beast industries slice and $91 million in eightco holdings that gives sneaky openai exposure 👀. This stock trades heavy at $1.10 billion average daily volume lately and their eth pile leads all corporate treasuries while ranking second overall behind strategy holding 840,447 btc around $66 billion total.
Just another echo from the void by iconofsin.eth 💖
