Bitmine Immersion reports ETH holdings of over 5.28M tokens, $12.6M in holdings

Bitmine Immersion (BMNR) announced Bitmine crypto + total cash + “moonshots” holdings totaling $12.6B. The company recently announced its uplisting to the NYSE from the NYSE American on April 9. As of May 17, crypto holdings are comprised of 5,278,462 ETH at $2,191 per ETH, 202 Bitcoin, $200M stake in Beast Industries, $83M stake in Eightco Holdings – “moonshots” – and total cash of $685M. Bitmine’s ETH holdings are 4.37% of the ETH supply. The CLARITY Act cleared the Senate Banking Committee last week, and will move to the full Senate for a vote later this year. This proposed legislation provides the necessary regulatory framework for the crypto industry. Bitmine recently launched MAVAN (the Made in American VAlidator Network), the institutional grade staking platform.