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BitMine Immersion Technologies ( (BMNR) ) has issued an announcement.
On January 12, 2026, Bitmine Immersion Technologies reported that as of January 11 it held $14.0 billion in combined crypto, cash and strategic investments, including 4.168 million ETH—representing 3.45% of the total ETH supply—193 Bitcoin, nearly $1 billion in cash, and a $23 million position in Eightco Holdings. The company highlighted its rapid accumulation of ETH in the prior week, its status as the world’s largest “fresh money” buyer and staker of Ethereum, and its plan to scale staking revenues via its forthcoming Made in America Validator Network (MAVAN), underscoring its ambition to reach 5% of ETH supply and cement its role as the leading Ethereum treasury while relying on shareholder approval to increase authorized shares at its January 15, 2026 annual meeting to avoid slowing its accumulation strategy. Bitmine also emphasized its rising market profile, noting it is now among the most heavily traded U.S. stocks by dollar volume and remains backed by prominent institutional investors, developments that reinforce its growing influence in both crypto and equity markets.
The most recent analyst rating on (BMNR) stock is a Buy with a $39.00 price target. To see the full list of analyst forecasts on BitMine Immersion Technologies stock, see the BMNR Stock Forecast page.
More about BitMine Immersion Technologies
Bitmine Immersion Technologies, Inc. (NYSE American: BMNR) is a Bitcoin and Ethereum network company that operates as a leading Ethereum treasury, focusing on the long-term accumulation of crypto assets, particularly ETH, and generating yield through staking while selectively issuing equity to fund further acquisitions. The company positions itself as a major institutional-scale holder and staker of Ethereum, leveraging its balance sheet for strategic “moonshot” investments and aiming to expand its influence within the broader crypto financial ecosystem.
Average Trading Volume: 43,453,166
Technical Sentiment Signal: Sell
Current Market Cap: $13.32B
Find detailed analytics on BMNR stock on TipRanks’ Stock Analysis page.