New York, January 6, 2026, 15:54 EST — Regular session
- BMNR shares were down about 2.1% at $32.65, after trading between $31.41 and $34.13.
- Bitmine says it holds $14.2 billion of crypto and cash led by a 4.144 million-ether position.
- Investors are watching a Jan. 14 proxy deadline ahead of a Jan. 15 shareholder meeting.
Shares of Bitmine Immersion Technologies Inc (BMNR) fell 2.1% to $32.65 in afternoon trade on Tuesday, after swinging between $31.41 and $34.13 on volume of about 34 million shares. The company said it held $14.2 billion in crypto and cash, including 4.144 million ether (ETH) — the token that powers the Ethereum network — and chairman Tom Lee said he was “excited about the prospects for Ethereum in 2026.” PR Newswire
The disclosure matters now because Bitmine’s growing token pile has tied the stock more closely to ether. The update gives investors a new checkpoint on how much of the company’s reported value depends on crypto prices.
It also lands as shareholders prepare to vote on increasing authorized shares, which sets the legal ceiling on how much stock a company can issue. The change can give management more flexibility to raise capital, but it can also dilute existing holders.
Bitmine said its holdings included $915 million in cash, 192 bitcoin and a $25 million stake in Eightco Holdings, alongside ether it valued at $3,196 each using a Coinbase reference price as of Jan. 4. It said 659,219 ether were staked — locked up to help validate transactions in return for yield — and it cited a 2.81% composite Ethereum staking rate, which it said could translate into $374 million in annual staking fees at scale. Lee said the company needs more authorized shares “to selectively issue shares for capital market activities” and to allow future share splits and acquisitions; shareholders vote at a Jan. 15 annual meeting, with online and phone voting closing late on Jan. 14. SEC
The company filed the operational update in a Form 8-K on Monday under Regulation FD, a disclosure rule meant to prevent selective release of market-moving information. SEC
Ether was little changed at about $3,242, while bitcoin fell about 1.8%.
Other crypto-linked stocks were mixed, with Strategy down about 3.4% and Coinbase off roughly 1.6%.
But the bet cuts both ways. A sharp drop in ether would shrink the value of Bitmine’s reported holdings, while a larger authorized share count can pave the way for dilution if the company sells stock to buy more tokens.
