New York, Feb 9, 2026, 15:00 ET — Regular session
- BMNR picked up about 5.6% in afternoon trading after a choppy open earlier in the session.
- The company’s stash: about 4.326 million ether, plus $595 million in cash.
- Another SEC filing logs 15.4 million shares allocated under an employee incentive plan.
Shares of Bitmine Immersion Technologies were up 5.6%, reaching $21.62 in Monday afternoon trading, after fluctuating between $19.36 and $21.63. The company disclosed its total crypto and cash holdings have hit $10.0 billion.
It’s a notable turn. BMNR functions as a listed Ethereum balance sheet now, and that kind of liquidity attracts traders looking for a fast ether stand-in—with the wrinkle that corporate management comes bundled in.
Bitmine says it held 4,325,738 ether as of Feb. 8 at 3 p.m. ET, pricing the pile at $2,125 per coin. The company’s balance sheet includes $595 million in cash, 193 bitcoin, plus some venture stakes—specifically, a $200 million position in Beast Industries and $19 million in Eightco Holdings. “In the past week, we acquired 40,613 ETH,” executive chairman Thomas “Tom” Lee said. With that, Bitmine estimates it controls about 3.58% of Ethereum’s total supply. The firm also pointed to Strategy Inc, which it claims has 713,502 bitcoin.
Bitmine disclosed it has staked approximately 2.9 million ether—tokens earmarked for network validation, earning rewards in the process. The firm is projecting annual staking rewards of $374 million once its full ether position is committed. “Bitmine has staked more ETH than other entities in the world,” Lee said in the statement. Looking ahead, Bitmine flagged a first-quarter launch for its Made in America Validator Network, or MAVAN, in the release. Morningstar
Ether edged about 0.2% higher to $2,129, while bitcoin lost close to 0.7%, changing hands near $70,900.
The company dropped its disclosure Monday via a Form 8-K filing with the U.S. Securities and Exchange Commission, using Regulation FD to push the information out publicly. The document carried chief executive Chi Tsang’s signature.
Bitmine, according to a separate SEC filing, put up 15.4 million shares for registration under its 2025 omnibus incentive plan. That’s additional shares that could hit the market as options or awards are exercised or vest. For the filing fee calculation, the company set an estimated share price of $22.07.
For some investors, it’s about the mix: big crypto reserves, staking income, and a looming threat of dilution. On quieter crypto days, the stock tends to mimic a turbocharged ether trade. But once filings show up, all bets are off — the price can go its own direction.
Here’s the rub: a slide in ether would eat into Bitmine’s reported holdings. Staking yields shift with network conditions, too, and new shares from equity plans may put pressure on the stock, regardless of what crypto prices do next.
Key focus now: Will Bitmine keep up last week’s heavy buying, and does MAVAN actually land in Q1? Monday’s statement pointed that way.
