NEW YORK, December 29, 2025, 18:44 ET — After-hours
- BMNR was up about 0.8% in late after-hours trading, tracking a company update on its ether holdings and shareholder vote push.
- BitMine said it held 4.11 million ether and about $13.2 billion in crypto, cash and other investments as of Dec. 28.
- A Jan. 15 annual meeting and a Jan. 14 proxy deadline are the next near-term catalysts.
BitMine Immersion Technologies, Inc. shares were up 0.8% in late after-hours trading on Monday at $28.54, after trading between $27.80 and $29.60 during the session.
The move matters because BitMine has become a crypto-treasury stock, meaning investors often trade it as a proxy for the cryptocurrency it holds on its balance sheet. That can amplify swings when token prices move or when the company signals new buying plans.
Crypto prices softened into year-end trading, a backdrop that can pull crypto-linked equities with it. Ether was down about 0.6% and bitcoin was down about 0.7% at the time of writing.
BitMine said that as of Dec. 28 at 6 p.m. ET it held 4,110,525 ether — the native token of the Ethereum network — valued at $2,948 per coin, along with 192 bitcoin and about $1.0 billion in cash. The company also listed a $23 million stake in Eightco Holdings and said its ether position equated to about 3.41% of total ether supply. Newswire
“Year-end tax-loss related selling is pushing down crypto and crypto equity prices,” chairman Thomas “Tom” Lee said in the release. PR Newswire
BitMine also said it had 408,627 ether staked and is working with three staking providers ahead of a planned Made in America Validator Network rollout in early 2026. Staking is the process of locking up tokens to help validate transactions and earn rewards; the company pointed to a composite Ethereum staking rate of 2.81% and said fully staking its ether could translate to about $374 million a year in staking fees at that rate. SEC
A regulatory filing on Monday showed BitMine furnished an investor presentation, a chairman’s message video transcript and an audio reminder tied to its upcoming annual meeting. SEC
In the chairman’s message transcript, Lee urged shareholders to vote by Jan. 14 at 11:59 p.m. ET and outlined proxy voting options, including internet and phone voting through its proxy solicitor. SEC
A separate audio script included in the filing said the board is asking shareholders to vote for all proposals at the annual meeting scheduled for Jan. 15. SEC
For traders, the key question is whether BitMine’s stock continues to trade in line with the value of the crypto it reports holding, or whether the stock develops a premium or discount to that pile. A premium can widen if investors expect faster accumulation or higher staking income; it can compress if dilution fears rise.
The proxy vote is one of the next pressure points. A proposal to increase authorized shares — the maximum number of shares a company can issue — can give a company more flexibility to raise capital, but it also raises dilution risk for existing holders.
Technical traders were watching the $30 area after Monday’s run toward the high, and the day’s low as the nearest support marker if risk appetite fades.
BitMine describes itself as a Bitcoin and Ethereum network company focused on accumulating crypto for long-term investment, including through mining operations and capital-raising activity. Newswire
