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Bitmine nears 5% Ethereum supply ownership, raises $274M in preferred stock, and launches MAVAN staking platform.

Market News
15 Jun 2026
PRNewsWire
View Source
Bullish
pluang ai news

Bitmine now owns 4.66% of the total Ethereum supply and is close to reaching its goal of 5% ownership in 2026. The company raised approximately $273.8 million through a sale of 3.5 million shares of 9.5% Series A Perpetual Preferred Stock, which will trade on the NYSE under the symbol BMNP starting June 16, 2026. Bitmine also launched MAVAN, an institutional-grade Ethereum staking platform, and currently stakes over 4.7 million ETH, generating significant annualized staking rewards. These moves position Bitmine as a leading Ethereum treasury and staking company, supported by major institutional investors and recognized on the Fortune Crypto 100 list for 2026.

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