January 2, 2026, 04:14 ET — Premarket
- Bitmine Immersion Technologies shares fell about 2% in early premarket trading.
- Bitcoin and ether were higher, but several crypto-linked stocks were lower in thin trade.
- Investors are watching Bitmine’s January 15 annual meeting and the run-up to key vote deadlines.
Shares of Bitmine Immersion Technologies, Inc. were down about 2% at $27.15 in early premarket trading on Friday.
The move matters because Bitmine has become a fast-moving proxy for crypto sentiment, with its treasury tied heavily to ether — the token used on the Ethereum blockchain — even as 2026 gets underway with holiday-thinned liquidity. SEC
Crypto’s growing correlation with broader risk assets has been a theme for investors coming out of year-end repositioning. “In 2025, the market showed that bitcoin increasingly exhibits the characteristics of a risk asset,” Linh Tran, a senior market analyst at XS.com, told Reuters this week. Reuters
Bitcoin was up about 1.6% and ether was up about 1.9% at the time of writing.
Several other U.S.-listed crypto-linked stocks were lower in premarket trading, including Coinbase and Strategy, a sign traders were taking a cautious view despite firmer token prices.
Bitmine’s latest operational snapshot came in a Dec. 29 update filed with the U.S. securities regulator, which included a press release and materials ahead of its annual stockholder meeting. SEC
In that release, the company said it held 4,110,525 ether and 192 bitcoin as of Dec. 28 at 6 p.m. ET, alongside $1.0 billion in cash and a $23 million stake in Eightco Holdings, for total crypto, cash and “moonshots” holdings of $13.2 billion. SEC
Bitmine also said it had 408,627 ether staked — a term for locking up tokens to help run and secure a blockchain network in exchange for rewards — as it works with third-party providers and prepares its “Made in America Validator Network” staking effort, which it said is on track to launch in the first quarter of 2026. SEC
The near-term focal point is governance. Bitmine’s proxy materials show the annual meeting is scheduled for January 15 in Las Vegas, with online and telephone voting set to close at 11:59 p.m. ET on January 14 and in-person registration due by 11:59 p.m. ET on January 13. SEC
Shareholders are set to vote on board seats and proposals including a charter amendment to increase authorized common shares, an incentive plan, and an advisory vote on a performance-based compensation arrangement for the executive chairman, according to the company’s materials. SEC
More broadly, global markets started 2026 with a firmer tone in thin trade, with investors focused on the path for U.S. rates and a backlog of economic data expected in coming days after the government shutdown delayed releases, Reuters reported. Reuters
