$BitMine Immersion Tech(BMNR.US)

Is Bitmine worth the investment ?

Let’s look at it current progress.

Bitmine now holds $10.4 billion in total assets, which includes more than 5.62 million ETH,roughly 4.66% of all Ethereum in circulation. This puts the company about 93% of the way toward its goal of owning 5% of the total ETH supply.

Of its holdings, 4.72 million ETH are staked, worth approximately $8.1 billion. Those staked assets are expected to generate annual revenue between $226 million and $269 million.

The company also closed a $280 million preferred stock offering, with its BMNP shares set to begin trading on the NYSE on 16 June.

On the product side, Bitmine launched MAVAN, an institutional Ethereum staking platform focused on security and scale.

Further to above, Bitmine was also named to Fortune’s 2026 Crypto 100 list of leading blockchain firms and now ranks as the largest ETH treasury globally.

Sound great and convincing?

Investing in BMNR carries substantial investment risk, as the company remains deeply unprofitable.

You need big risk appetite to hold BNMR and willing to lose your capital if Ethereum go deeper correction and takes longer time to recover. Investors should only consider it if they have strong conviction in Ethereum’s future growth and the continued success of its network.

Not financial advice. Do your Due diligence ☺️.

The copyright of this article belongs to the original author/organization.

The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.