Search results for MAVAN
Crypto
BitMine buys 101,901 more ether, total holdings rise to 5,078,386 ETH
BitMine Immersion Technologies bought an additional 101,901 ether last week, lifting its total holdings to 5,078,386 ETH. CoinDesk reported the holding equals about 4.21 percent of ether in circulation and the purchase is worth about $236 million at current prices. Chairman Tom Lee called crossing 5 million ether an important milestone toward securing 5 percent of supply. The company said it stakes about 3.7 million ether and is expanding staking services.
Crypto
Bitmine buys 101,627 more ether, holdings top 4,976,485
Bitmine, a company listed on the New York Stock Exchange, bought 101,627 more ether last week, lifting its total holdings to 4,976,485, CoinPost reported on April 21. The company said the total equals 4.12 percent of ether’s total supply of 120.7 million and is valued at 1.8 trillion yen, or about 16.64 trillion won. Bitmine stakes 3,334,637 ether through its MAVAN network.
Crypto
BitMine posts big quarterly loss after Ethereum valuation hit
BitMine Immersion Technologies posted a net loss of $3.82 billion in fiscal 2026 second quarter due to valuation losses on its Ethereum holdings, compared with a $1.16 million loss a year earlier. Most of the deficit came from $3.78 billion in unrealised losses. Revenue rose to $11 million, led by Ethereum staking income. The company raised about $1.00 billion through stock sales and expanded its Ethereum holdings to about 4.87 million tokens.
