Bitmine reports $11.6B in crypto holdings with 5.42M ETH tokens

Bitmine Immersion Technologies announced crypto and cash holdings of $11.6 billion, comprising 5.42 million ETH tokens (4.49% of total supply), $446 million in cash, and other investments. The company is pursuing a goal to accumulate 5% of Ethereum's total supply and has launched MAVAN, an institutional-grade staking platform.