TLDR
- BMNR drops as $10.7B crypto treasury fuels bold Ethereum expansion
- Massive ETH holdings shake markets as BMNR stock faces pressure
- BMNR staking surge highlights $10.7B bet on Ethereum dominance
- Stock dips after BMNR reveals giant crypto treasury strategy
- BMNR doubles down on Ethereum while shares slide sharply
Bitmine Immersion Technologies, Inc. (BMNR) fell sharply as the company reported massive crypto holdings and expanded Ethereum staking activity. The stock traded at $23.65 and dropped 5.80% after a volatile session. BMNR faced continued pressure as markets reacted to its updated treasury report.
Bitmine Immersion Technologies, Inc., BMNR
BMNR Discloses $10.7B Treasury and Expands Digital Asset Strategy
BMNR detailed combined crypto, cash, and strategic stakes valued at $10.7 billion. The company reported 4.28 million ETH, 193 BTC, and several equity positions. BMNR stated that it held $586 million in cash to reinforce its balance sheet.
The company said its ETH holdings represented 3.55% of the global supply. This disclosure highlighted its scale within the digital asset sector. BMNR confirmed continued ETH accumulation during the recent market downturn.
BMNR claimed Ethereum activity remained strong despite falling prices. The company cited record transactions and rising active addresses across the network. BMNR framed current ETH weakness as unrelated to improving fundamentals.
BMNR Increases Staking Activity and Reports Expanding Revenue Base
BMNR reported 2.89 million ETH staked and valued at $6.7 billion. The company said staking incentives generated $188 million in annualized returns. Moreover, BMNR projected rewards above $374 million once all assets are fully staked.
The firm expanded its staking footprint in the past week. It added more than 888,000 staked ETH through internal and partner operations. BMNR positioned its staking business as central to future revenue.
BMNR said its staking rate aligned with the CESR benchmark. The company expected improved returns as infrastructure matured through MAVAN. BMNR confirmed ongoing work with three staking providers for scaled deployment.
BMNR Positions Itself Among Leading Global Crypto Treasuries
BMNR described itself as the largest Ethereum treasury worldwide. The company ranked second globally across all crypto treasuries, behind Strategy Inc. and its substantial Bitcoin reserve. BMNR strengthened its strategic identity within the digital asset landscape.
The firm also cited rising trading activity around its equity. BMNR recorded $1.1 billion in average daily dollar volume over five days. This placed BMNR among the most frequently traded U.S. equities.
Broad regulatory changes added further context. The GENIUS Act and SEC programs shaped new standards across digital finance. As a result, BMNR linked its strategy to broader transformation within the financial system.
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