NORWALK, Connecticut, September 1, 2026, 16:15 EDT
- BitMine ended the session at $23.395, a decrease of 7.60%, with 34.36 million shares traded.
- The estimated equity value loss of $1.16 billion was 2.1 times greater than the markdown in the ether treasury.
- Marked published gross assets stood at roughly $15.09 billion, representing a 6.5% increase over the $14.11 billion market value.
Shares in BitMine Immersion Technologies, Inc. NYSE:BMNR declined by 7.60% on Tuesday, cutting approximately $1.16 billion from its market capitalization Yahoo Finance market data.
The loss amounted to about double the ether treasury markdown, highlighting that investors sought a greater risk discount than what the token movement alone suggested.
The share price began trading at $24.39 and climbed as high as $24.58. It slid to $23.055 before ending the session at $23.395. Trading volume totaled 34.36 million shares, amounting to 88% of its average daily volume for the past three months.
BMNR regular-session path
Price in U.S. dollars; the dashed line marks Monday’s $25.32 close.
As of . Source: Yahoo Finance market data. Intraday points are 30-minute observations.
BitMine on Monday revealed holdings of 5,901,112 ether and 211 bitcoin. The company posted $541 million in cash and marketable securities. Its two “moonshot” assets were listed at a combined $261 million company release; SEC filing.
At 16:14 EDT, Ether was priced at $2,418.08, while Bitcoin was at $77,335.94. The reported gross pool is approximately $15.09 billion ETH data; BTC data.
Marked gross assets versus common equity
U.S. dollars; asset values are a reporting-time estimate, not net asset value.
Sources: BitMine disclosure and Yahoo Finance. Crypto marks: September 1, 2026, 16:14 EDT.
The comparison does not represent a standard common-share NAV calculation. It omits liabilities, preferential claims, taxation, and selling expenses. Marks for private investments might diverge from actual proceeds that could be realized.
Chairman Thomas Lee stated, “Over the past week, we acquired 53,501 ETH.” At Tuesday’s reporting-time price, the acquisition was valued at around $129 million.
BitMine reported that 5,067,309 ether was staked as of August 30, representing 85.9% of its total ether holdings. The company’s management estimated annualized staking revenue at $335 million, based on a seven-day yield of 2.63%.
The $335 million estimate represents 2.4% of Tuesday’s market capitalisation. The figure is subject to changes in network rewards, token valuations, and operational performance.
At 16:14 EDT, ether dropped 2.20%. BMNR’s fall was roughly 3.5 times steeper, with that pronounced movement serving as Tuesday’s most notable takeaway from the session.
Gross asset sensitivity to ether
Estimated asset pool using 5,901,112 ETH, 211 BTC and the other disclosed values.
Illustrative marks, not forecasts. BTC held at $77,335.94. Cash, marketable securities and company-stated investment marks held constant. Sources: BitMine and Yahoo Finance.
With ether at $2,200, the marked pool is valued close to $13.80 billion, which is 2.3% lower than its market value on Tuesday. If ether moves to $2,600, the pool’s value increases to roughly $16.16 billion.
According to Yahoo Finance, there were 603.2 million shares outstanding. With a book value of $20.011, the closing price represented 1.17 times book. The projected gross-assets-per-share figure was $25.01.
Risks: Ether is available for nonstop trading, whereas BMNR common shares lack this flexibility. The spread may increase due to dilution, priority of preferred claims, and shifting private valuations. Staking rewards remain unpredictable.
Overnight, crypto markets provide the next opportunity to assess valuations. Trading on the NYSE will restart on Wednesday at 09:30 EDT NYSE calendar.
Tuesday’s closing price reflected not only an ether markdown, but also factored in execution and capital-structure risks.
Related articles: NYSE:BMNR
