Summary
• Bitmine Immersion Technologies (BMNR) shares fell 6.4% to $29.09 amid high volatility.
• The company announced ETH holdings of 4.066 million tokens, worth $13.2 billion, accounting for 3.37% of total supply.
• Recent SEC filings reflect transparency regarding asset updates and strategies in the cryptocurrency market.
Shares of Bitmine Immersion Technologies, Inc. (NYSE AMERICAN: BMNR) are down 6.4% in intraday trading, priced at $29.09. This move comes after a strong performance as the stock had recently been trading much higher, with a session change reflecting significant volatility after last close. The stock’s decline occurs without a clear catalyst, despite recent developments regarding the company’s cryptocurrency assets.
Major Crypto Holdings Announced
On December 22, 2025, Bitmine announced that its ETH holdings have reached 4.066 million tokens, totaling $13.2 billion in crypto and cash assets. The company now owns 3.37% of the ETH token supply, two-thirds of its goal to acquire 5%. Additionally, Bitmine holds $1.0 billion in cash and a stake in Eightco Holdings (NASDAQ: ORBS), further solidifying its financial position in the crypto market.
The announcement has highlighted increasing institutional support for Bitmine, with backing from notable figures and firms, including ARK’s Cathie Wood and Pantera. The company is recognized for its trading liquidity, being among the top 66 most traded stocks in the U.S.
Recent SEC Filings
Bitmine has also submitted multiple 8-K filings recently. The latest filing, dated December 22, describes the updates surrounding its asset holdings and strategies for capitalizing on opportunities in the cryptocurrency market. Noteworthy earlier filings on December 19 and December 15 included details of previous corporate actions and shareholder communications, signaling transparency in its operations.
Current Report (8-k)
Annual Report (10-k)
Market and Technical Overview
Currently, BMNR is experiencing volatility, reflected in its average volume of around 51.6 million shares over the past ten days. The share has a 14-day RSI of 44.16, suggesting it is nearing oversold conditions. The stock is trading well below the 20-day SMA, which reports a deviation of -5.9%. The recently reported performance over the past week shows a decrease of approximately 10.8%, while it has seen an impressive year-to-date performance of 7871.79%.
As Bitmine continues to navigate the crypto landscape and expand its holdings, investors will be keeping a close eye on how its operational strategies and market movements impact stock performance moving forward.