NEW YORK, December 29, 2025, 01:47 ET — Market closed
- Bitmine Immersion Technologies shares last closed at $28.31, down 3.5% on Friday. [1]
- Bitcoin and ether were higher in early Monday trade, a key sentiment driver for crypto-linked equities.
- The company has flagged a Jan. 15 shareholder meeting vote, including a proposal to increase authorized shares. [2]
Bitmine Immersion Technologies, Inc. shares last closed at $28.31 on Friday, down 3.5%, after swinging between $27.92 and $29.96 in the session, market data showed. [3]
The stock has become a high-beta proxy for crypto prices because the company holds large amounts of ether — the token that powers the Ethereum blockchain — and bitcoin on its balance sheet, the company has disclosed. [4]
That linkage matters heading into Monday’s U.S. session, with crypto trading around the clock and setting the tone for risk appetite before equities open at 9:30 a.m. ET.
Bitcoin was up about 2.4% and ether up about 3.2% in early Monday trade, according to market data.
In a Form 8-K filed on Dec. 22, Bitmine said it held 4,066,062 ether tokens and 193 bitcoin as of Dec. 21 at 3:00 p.m. ET, alongside $1.0 billion in cash and a small listed-equity stake it referred to as “moonshots.” [5]
The company said those ether holdings represented 3.37% of Ethereum’s token supply, part of what it described as a goal to reach 5%. [6]
“Bitmine continues to add steadily to its ETH holdings, adding 98,852 ETH in the past week,” Thomas “Tom” Lee of Fundstrat, Bitmine’s chairman, said in the Dec. 22 release. [7]
Investors will also mark the company’s previously announced annual cash dividend of $0.01 per share, with a payable date of Dec. 29, according to a Nov. 21 company release. [8]
Bitmine’s next major corporate checkpoint is its annual stockholder meeting on Jan. 15 in Las Vegas, the Dec. 22 filing showed. [9]
The agenda includes a vote to increase authorized shares — a step that can give a company more flexibility to issue stock — alongside director elections and a proposed incentive plan, the filing said. [10]
Bitmine is not alone in being treated like a “crypto equity.” Bitcoin-treasury company Strategy (MSTR) and listed miners such as Marathon Digital (MARA) and Riot Platforms (RIOT) are also closely watched alongside coin prices, though their business models differ.
Before the next session, traders will be watching whether crypto strength holds into the U.S. cash open — and whether Bitmine offers any further update on its token balances after its December disclosure. [11]
Macro data may also shape risk appetite: U.S. pending home sales are due at 10:00 a.m. ET on Monday, with Federal Reserve meeting minutes expected Tuesday, according to economic calendars. [12]
On the tape, $30 is the near-term level traders will be eyeing after Friday’s intraday high just shy of that mark, with $28 in view as a round-number support area.
Sources: [13]; [14]; [15]; [16]; U.S. economic calendar (MarketWatch); [17]
References
1. www.investing.com, 2. www.sec.gov, 3. www.investing.com, 4. www.sec.gov, 5. www.sec.gov, 6. www.sec.gov, 7. www.sec.gov, 8. www.newswire.ca, 9. www.sec.gov, 10. www.sec.gov, 11. www.sec.gov, 12. www.marketwatch.com, 13. www.investing.com, 14. www.sec.gov, 15. www.sec.gov, 16. www.newswire.ca, 17. www.federalreserve.gov
