NEW YORK, December 29, 2025, 02:56 ET — Market closed.
- Bitmine Immersion Technologies (BMNR) was last at $28.31 late Friday, down $1.05, or 3.6%.
- Ether rose about 2.8% over the past day; Bitmine said last week it held 4.07 million ether and $1.0 billion in cash.
- The company’s $0.01 annual dividend is payable on Dec. 29; shareholders vote Jan. 15 on items including an increase in authorized shares.
Shares of Bitmine Immersion Technologies, Inc. (BMNR) were last at $28.31 late Friday, down $1.05, or 3.6% from the previous close, ahead of Monday’s U.S. session.
U.S. stock and bond markets are set to close for the year on Wednesday and remain shut Thursday for New Year’s Day, a stretch that can amplify moves in thin year-end trading. [1]
Bitmine has become a closely watched proxy for ethereum because it holds the token — called ether — as a core treasury asset, meaning shifts in crypto prices can spill quickly into the stock. [2]
That matters now as crypto prices firm ahead of the open, and as Bitmine heads into a dividend payment date and an upcoming shareholder vote that includes a proposal to expand its authorized share count — a change that can enable additional share issuance. [3]
Market data showed BMNR last traded at $28.31, after ranging between $27.92 and $29.96 in the prior session, with volume of about 32.7 million shares.
Ethereum rose about 2.8% over the past day to $3,017, while bitcoin was up about 2.1% at $89,542, pricing data showed.
In a Dec. 22 press release filed with the U.S. Securities and Exchange Commission, Bitmine said its crypto, cash and “moonshots” holdings totaled $13.2 billion as of Dec. 21, including 4,066,062 ether and 193 bitcoin, plus $1.0 billion in cash and a $32 million equity stake in Eightco Holdings. [4]
“Bitmine holdings now exceed the crucial 4 million ETH tokens,” Fundstrat’s Thomas Lee, the company’s chairman, said in that release. [5]
Bitmine has said it is due to pay an annual dividend of $0.01 per share on Dec. 29 to shareholders of record as of Dec. 8. [6]
The company describes itself as a U.S.-based digital asset technology company that raises capital and buys ether for its corporate treasury, offering investors what it calls indirect exposure to ETH. [7]
In its annual report, Bitmine said its combined digital asset holdings totaled about $8.28 billion as of Nov. 20 and described itself as the largest ether treasury, second globally behind Strategy Inc., the bitcoin-focused company. [8]
Bitmine’s next major corporate date is Jan. 15, when shareholders will vote on items including electing directors, approving a charter amendment to increase authorized common shares and adopting a 2025 omnibus incentive plan, a filing showed. [9]
Authorized shares are the maximum number of shares a company can issue under its charter; increasing that ceiling can set the stage for future stock sales, which are central to Bitmine’s capital-raising model. [10]
Macro catalysts are also on the radar for crypto-linked stocks. The National Association of Realtors is scheduled to release November pending home sales at 10 a.m. ET on Monday, with Federal Reserve meeting minutes due Tuesday, according to published calendars. [11]
Before the regular session opens at 9:30 a.m. ET, traders will be watching whether ether holds above the $3,000 level and whether bitcoin sustains its weekend gains, given Bitmine’s balance-sheet exposure to both tokens. [12]
For chart watchers, Barchart data placed near-term support for BMNR around $27.64 and the first resistance level near $29.24 — price areas where buying or selling has tended to emerge. [13]
References
1. www.barrons.com, 2. www.sec.gov, 3. www.sec.gov, 4. www.sec.gov, 5. www.sec.gov, 6. www.sec.gov, 7. www.sec.gov, 8. www.sec.gov, 9. www.sec.gov, 10. www.sec.gov, 11. www.marketwatch.com, 12. www.sec.gov, 13. www.barchart.com
