BitMine Immersion Technologies Inc. (NYSE:BMNR) shares rose Monday, riding Bitcoin's rally above $69,000 and a fresh company update highlighting total holdings of $11.4 billion.
On Monday, BitMine said its total crypto, cash, and "moonshot" holdings reached $11.4 billion, driven by a growing Ethereum treasury and continued accumulation.
The company will uplist from the NYSE American to the New York Stock Exchange on April 9, 2026, maintaining its ticker "BMNR."
As of April 5, Bitmine held 4.8 million Ethereum (CRYPTO: ETH/USD)—about 3.98% of total supply—alongside 198 Bitcoin (CRYPTO: BTC/USD), $864 million in cash, a $200 million stake in Beast Industries, and $92 million in Eightco Holdings Inc. (NASDAQ:ORBS).
The firm added it acquired 71,252 ETH in the past week, marking its fastest buying pace since late 2025.
Ethereum Positioned as ‘Wartime' Asset
Chairman Thomas "Tom" Lee said Ethereum has outperformed traditional assets amid ongoing geopolitical tensions, positioning it as a "wartime store of value."
Bitmine also launched MAVAN, its institutional staking platform, with 3.3 million ETH already staked, generating annualized staking revenue of about $196 million.
Bitmine said it is the largest Ethereum treasury globally and ranks as the second-largest crypto treasury overall, behind Strategy Inc. (NASDAQ:MSTR).
Bitmine Top ETF Exposure
- VanEck Digital Transformation ETF (NASDAQ:DAPP): 5.20% Weight
- Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG): 3.29% Weight
- Global X Blockchain ETF (NASDAQ:BKCH): 8.21% Weight
BMNR Stock Price Action: BitMine Immersion shares rose 5.86% to $20.59 as of Monday's publication. The move comes as crypto-linked stocks gain momentum, with Bitcoin climbing above $69,000, according to Benzinga Pro.
Image via Shutterstock