what's bitmine immersion technologies, inc.?
BitMine Immersion Technologies is a publicly traded cryptocurrency investment and technology company specializing in building one of the largest ETH treasuries globally, positioning itself as a leader in corporate crypto adoption through aggressive accumulation of Ethereum tokens. Its core value proposition lies in leveraging immersion cooling innovations for efficient crypto mining operations while transforming into a high-velocity ETH holder, surpassing 2% of total ETH supply and maintaining billions in combined crypto and cash reserves. Key technical features include strategic ETH staking and treasury management, enabling it to outpace peers like MicroStrategy in ETH velocity and liquidity among digital asset treasuries. The company targets institutional investors and Wall Street integration by tokenizing assets on Ethereum, with notable leadership from Chairman Tom Lee of Fundstrat, fostering ecosystem growth through partnerships with Ethereum developers and blockchain events like Token2049.
BMNR's Tom Lee got 500k shares for 4% ETH supply; 1M more at 5%.
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x.com/bitmnrTom Lee received performance-based compensation of 500,000 BMNR shares for reaching 4% of ETH supply, with an additional 1M shares conditional on reaching 5% of ETH supply.
Uplisted to NYSE on April 9, 2026, enabling institutional investor access to BMNR stock.
Expanded share buyback program from $1 million to $4 billion on April 10, 2026.
Purchased 40,000 ETH ($82.07M) from FalconX on April 4, 2026.
Acquired 45,000 ETH valued at approximately $95.3 million from BitGo.
Peter Thiel's entity acquired a 9.1% stake in July 2025, becoming the largest investor.
Acquired 50,000 ETH ($108.3M) from FalconX on 2026-03-25.
Accumulated 117,111 ETH ($253.3M) through 3 newly created wallets over 2 days ending 2026-03-26.
Withdrew 67,110 ETH (valued at $144 million) from Kraken exchange via two wallets on 2026-03-24.
Tom Lee of Fundstrat serves as chairman of the company.
Acquired 5,000 ETH ($10.38M) from the Ethereum Foundation at $2,042.96 per ETH via OTC on March 14, 2026.
ARK Invest and Kraken invested $125M in Eightco Holdings ($ORBS) institutional round, including $75M, for AI and crypto expansion.
Acquired 30,000 ETH worth $61.89M.
Went live on markets_xyz with 24/7 perpetual futures trading at $20.83 and 15x leverage.
Transferred a total of 9,257 ETH (approximately $18.79 million) to Coinbase Prime on March 10, 2026, emptying the associated wallet.
Transferred 5,300 ETH (valued at $10.75 million) to Coinbase Prime on 2026-03-09.
Holds $1.2 billion in cash reserves.
Acquired 61,000 ETH for $123 million during March 2-9, 2026, bringing total holdings to 4,534,563 ETH worth $8.78 billion (3.76% of Ethereum's circulating supply).
Tom Lee's BitMine holds 4,874,858 ETH ($10.75B), 4.04% of Ethereum supply, making it the largest corporate ether treasury globally and 81% toward a 5% ETH supply goal, following a 71,524 ETH ($157M) purchase in week ending April 12, 2026.
Achieves net income of $1.8 billion for the fiscal year ending February 2026.
Accumulated ETH, stock rose 8%.
Has unrealized losses of $8.7 billion at current BTC prices, representing the largest drawdown among corporate Bitcoin holders.
Stock gained more than 5% during U.S. market opening on February 25, 2026.
Accumulated $19.49M worth of ETH in a recent purchase, adding to existing holdings.
Acquired 51,162 ETH ($98.33M) between February 16-22, 2026, and 50,928 ETH ($101M) between February 23-March 2, 2026. Holds 3.8% of circulating ETH supply, valued at $10 billion.
Purchased 15,000 ETH ($29.57M) from FalconX on 2026-02-18.
Purchased 20,000 ETH ($39.8M) from BitGo on February 18, 2026.
Accumulated 37,100 ETH per week on average in 2026 year-to-date, representing a 63% decrease from 2025 levels.
Invested in Worldcoin through EightCo.
Staked more ETH globally than any other entity, generating $252M annual staking revenue via MAVAN, and expects $272M+ annual yield.
Trades an average daily volume of $1.3 billion, ranking among the top 110 most traded stocks in America.
Featured in an interview at Consensus Hong Kong conference discussing crypto investment strategies and market conditions.
Tokenized stock BMNRx representing BitMine Immersion Technologies, Inc. (BMNR) listed on Wallet platform.
Ark Invest expanded position on February 12, 2026, with $12.4M in Robinhood shares and Bullish, adding $4.2M in shares during the week ending February 14, 2026.
BlackRock increased BMNR stake by 166% to 9,049,912 shares worth $246M in Q4 2025, from 3.4 million shares.
Transferred 140,400 ETH ($282M) to Coinbase Prime on February 10, 2026, bringing total staked ETH to 2.97M ETH ($6.01B), representing 69% of total holdings.
Purchased 20,000 ETH ($42.3M) from BitGo on 2026-02-09 for ETH treasury accumulation.
Continues buying Bitcoin as of March 23, 2026.
Staked an additional 167,578 ETH ($340M) on March 30, 2026, bringing total staked ETH to 3,310,221 ETH ($6.72B).
Posted major rebound on Friday as BTC stabilized.
Launched MAVAN (Made in America Validator Network) institutional ETH staking platform on March 27, 2026, with 3.14M ETH staked, partnering with Ethereum Foundation on $140M ETH staking initiative.
Received 20,000 ETH ($41.67M) from Kraken to wallet address 0xBf0bD2DC81a31eD4B7b19A0163718DE6A2347f52 on February 9, 2026.
Purchased 20,000 ETH worth $42 million on February 7, 2026, building ETH treasury holdings.
Reports unrealized loss of $7.5 billion on ETH positions as of February 7, 2026, held at an average cost of $3,900.
Plans to launch a new app as part of a shift toward a holding company model built around Ethereum.
Received $80,570,000 in ETH on January 15, 2026.
Invested $200M in Beast Industries for its acquisition of Step; Beast Industries operates media, consumer products, financial services, and telecommunications businesses serving 1.45 billion users.
Staked an additional $514,000,000 in ETH on 2026-01-15, bringing total staked ETH to $5,620,000,000.
Staked 109,504 ETH (valued at $340.6M) in a 4-hour period on January 12, 2026, bringing total staked ETH holdings to 1.19 million ETH (valued at $3.7 billion).
Staked $3,300,000,000 in ETH over a three-week period ending on 2026-01-11.
Staked an additional $266,300,000 in ETH on 2026-01-11.
Staked $600 million worth of ETH on January 6, 2026.
Staked an additional 186,336 ETH (worth $604.5M) in a four-hour period, bringing total staked ETH to 779,488 ETH ($2.51B).
Received a proposal to increase the shares cap from 500M to 50B.
Received $1.4 billion in inflows from South Korean retail traders, becoming the 2nd most popular overseas stock among that investor group.
Staked $219,200,000 worth of ETH on December 27, 2025.
Raised capital through structured capital markets in 2025 to build a large Bitcoin position as part of a corporate crypto treasury strategy.
Purchased $88,380,000 ETH from BitGo and Kraken on December 23, 2025.
Acquired 48,049 ETH worth approximately $140 million and added it to the company treasury.
Received $17 million in share purchases from Ark Invest ETFs during a market downturn on Monday, December 16, 2025.
Ark Invest purchased shares during a price dip, alongside Coinbase and Circle.
Holdings reached $10.3B, including 2,897,459 staked ETH, 193 BTC, $38M stake in Eightco Holdings (NASDAQ: ORBS), and $670M in cash. Shareholders' equity sits at $9.4B as of Feb 2026.
BMNR trades at a 3% mNAV premium at current prices ($31 share price, $2939 ETH price) and will stop buying ETH through share issuance if the stock continues to underperform ETH.
Holds 4.326M ETH treasury, 3.58% of total supply as of February 10, 2026, reaching 72.3% completion toward a 5% target.
Targets 5% of total ETH supply, holds 71% of that goal.
A wallet withdrew 23,637 ETH ($73M) from Kraken, with total 2-day ETH accumulation reaching 38,596 ETH.
Chairman Tom Lee confirms on Rug Radio that the company will never sell its ETH holdings, which now represent near 4% of total ETH supply, with $1B still remaining to deploy.
Chairman Tom Lee confirms the company dramatically increases its ETH purchases compared to a week ago, stating they are "putting our money where our mouth is" on the Rug Radio podcast.
Treasury holdings exceed 3.8M ETH while $BMNR gains 22% and outperforms ETH and the entire DAT sector over the past week.
The company provides a 2% staking yield to Fundstrat as part of its planned evolution from a DAT company to an onchain financial service and product company.
The project purchased 33,504 ETH worth $112.06M.
Accumulated 101,600 ETH weekly throughout 2025, not staking holdings. Has no plans for debt or leverage in treasury strategy, purchasing 9 figures worth of ETH weekly through stock sales.
Company reports $1B cash position and 1.17X MNav ratio, with projections to hold 4M ETH by next Monday's disclosure.
The company acquires 33,504 ETH worth $112 million from FalconX today.
Generates $1M daily net income from ETH staking, backed by 4.3M ETH earning 3% annually and $690M cash earning 4% annually, with zero debt or leverage. Fundstrat continues buying for the eighth consecutive week, targeting 5% of total supply.
BMNR gains 31.49% over the last week, ranking as the #2 performer among Bitcoin treasury companies.
BMNR stock rises almost 10% today while an ATM offering is active.
Treasury company inflows reach $1.38B this week from Strategy and Bitmine, marking the largest weekly inflow since September.
Holdings show an unrealized loss of $3.095 billion with average acquisition cost at $3,925 per ETH. Reports claim the funding mechanism driving the company's acquisition strategy has collapsed and forces a desperate pivot to survive.
Company purchases 97,650 ETH this week and holds 3.16% of total Ethereum supply valued at $12 billion. Additionally, company adds 300,000 ETH (nearly $800M) to treasury as part of broader Digital Asset Treasury buying activity.
Average acquisition cost per ETH stands at $3139, and the company operates with zero debt.
Company buys 138,452 ETH worth $435 million last week. Holdings total 3,864,951 ETH valued at $12.4 billion.
Bitmine absorbs 2-3 million ETH over the last 2 months as the primary buyer of market supply.
Purchased $199M in ETH in a $200M acquisition transaction before February 11, 2026.
Company acquires 22,676 ETH worth $68.67 million in a new purchase transaction.
After $150M purchase, holdings now exceed 3% of Ethereum's total circulating supply.
BMNR stock rises 8% today. Anticipation of additional Wall Street capital for further accumulation.
Company purchases 41,946 ETH ($130 million) today through Bitgo and FalconX, bringing weekly accumulation to 97,649 ETH ($296 million).
BMNR records $1.7 billion in trading volume today and had $2.5 billion in volume on its second day of trading.
Company holds BTC on its balance sheet in addition to ETH holdings and develops a staking platform for its ETH treasury. The company actively seeks to invest in and seed Ethereum DeFi projects while building out "BitMNR Labs" as a new initiative.
Tom Lee's BiteMine purchased $150M worth of ETH according to Arkham blockchain data.
Tom Lee serves only as advisor with no financial ties to the company and is not connected to recent whale wallet activity, contrary to misinformation attributing whale ETH movements to him.
Company adds $150 million in ETH to its treasury while other digital asset treasury firms reduce buying activity.
Stock gains 10.26% in recent trading and has risen over 650% since announcing its Ether accumulation strategy.
A newly created wallet potentially linked to the company withdraws 30,278 ETH ($91.16M) from Kraken exchange.
Digital asset treasury inflows fall to $1.32B in November 2025, the weakest month of the year, with Ether treasuries posting $37M in outflows as company remains among few continuing to accumulate.
The project bought 3% of ETH at an average price of $3,120, with their first purchase at $2,486.
Weekly ETH buying pace increases 39% with company now two-thirds of the way to 5% Ethereum supply target. Company cites Fusaka upgrade on December 3rd and Fed ending quantitative tightening as positive tailwinds, while treasury value drops from $14B to $9.7B.
Tom Lee's Ethereum DAT BitMine holds 3% of the total ETH supply.
Company purchases 96,798 ETH for $272.3M over the past week, increasing total holdings to 3.73 million ETH with overall crypto and cash holdings reaching $12.1 billion including $882 million in cash. Annual shareholder meeting scheduled for January 15, 2026 in Las Vegas.