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BitMine Immersion Technologies ( (BMNR) ) has issued an announcement.
On April 6, 2026, Bitmine Immersion Technologies reported that its combined crypto, cash, and “moonshot” holdings reached $11.4 billion, anchored by 4.803 million ETH tokens, 198 Bitcoin, stakes in Beast Industries and Eightco Holdings, and $864 million in cash. As of April 5, 2026, its ETH position represented 3.98% of the total Ethereum supply, making Bitmine the largest Ethereum treasury globally and the second-largest corporate crypto treasury overall.
The company also disclosed that it has entered a new transfer agency agreement with Equiniti Trust Company, which will become transfer agent for its common stock from April 8, 2026, and that Bitmine has been approved to uplist its BMNR shares from NYSE American to the New York Stock Exchange effective at the market open on April 9, 2026. Bitmine highlighted the rapid growth of its staked ETH, now at about 3.33 million tokens generating an estimated $196 million in annualized staking revenue, and the official launch of its MAVAN institutional staking platform, developments that reinforce its role as a leading Ethereum-focused treasury vehicle and highly traded crypto-exposed equity for institutional backers.
The most recent analyst rating on (BMNR) stock is a Buy with a $33.00 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. is a U.S.-based Bitcoin miner that is redeploying excess capital to build what it describes as the world’s leading Ethereum treasury for institutional and public market investors. The company focuses on holding ETH as its primary treasury reserve asset and leverages protocol-level activities such as staking via its MAVAN (Made-in America VAlidator Network) platform launched in 2026.
Bitmine’s strategy positions it as a hybrid between a crypto infrastructure operator and a large-scale digital asset holding company, emphasizing long-term accumulation of Ethereum and the use of decentralized finance mechanisms. Its shares, trading under the symbol BMNR, are among the most actively traded U.S. equities by dollar volume, reflecting strong liquidity and institutional investor interest in its crypto-centric treasury model.
Average Trading Volume: 45,457,602
Technical Sentiment Signal: Sell
Current Market Cap: $8.85B
Learn more about BMNR stock on TipRanks’ Stock Analysis page.