New York, June 11, 2026, 16:46 ET
• Bitmine Immersion Technologies shares changed hands at $16.52, a 5.6% jump from the last close at $15.64. The stock moved between $15.36 and $16.56.
• On June 10, the company said it issued 3.5 million shares of 9.50% Series A Perpetual Preferred Stock.
• Its latest crypto update listed 5.54 million ETH held, putting Bitmine at 4.59% of Ethereum’s 120.7 million supply.
Bitmine Immersion Technologies, Inc. (NYSE: BMNR) traded up Thursday. Investors reacted to news of the company closing a preferred-share financing, new reports of Ethereum purchases, and new focus on its crypto assets. Shares last at $16.52, up $0.88, with volume near 35.8 million and moving between $15.36 and $16.56 on the day.
Bitmine’s latest regulatory update came after it said in a June 10 filing that it sold 3.5 million shares of its 9.50% Series A Perpetual Preferred Stock in a public offering. The filing also discloses BMNR common stock trades on the New York Stock Exchange, and the new preferred shares sit above the common in terms of dividends and liquidation.
Bitmine earlier said it was pricing the bigger offering at $80 per preferred share, with net proceeds expected near $273.8 million. The firm has said it could use the funds for general corporate purposes—buying more ETH and digital assets, broadening MAVAN staking and validator infrastructure, working capital, investments, and possibly repurchasing common stock.
Bitmine’s funding is in focus as the firm is now seen as one of the most aggressive Ethereum holders among Wall Street’s treasury plays. In its last holdings update on June 8, Bitmine said it held $9.6 billion split between crypto, cash, and “moonshots.” Holdings included 5,543,872 ETH marked at $1,630 per token, 204 Bitcoin, $247 million cash, and stakes in Beast Industries and Eightco Holdings.
Bitmine chairman Thomas “Tom” Lee stood by the current buying approach in the update, saying, “this pullback in ETH prices does not reflect the strengthening of Ethereum fundamentals.” Bitmine reported picking up 126,971 ETH in the prior week. It also had 4,718,677 ETH staked, and forecasted annualized staking rewards of $270 million, using a 2.99% seven-day BMNR yield.
Bitmine bought another 25,000 ETH on June 10, according to on-chain data from Lookonchain cited by crypto-market reports Thursday. The new purchase was valued at about $41 million and put the total reported buying over three days at 125,000 ETH. Bitmine has not formally confirmed the transactions in a company disclosure. FinanceFeeds said Bitmine usually gives market updates in weekly reports.
BMNR is still moving with Ethereum, which was last at $1,671, up 2.7% for the day. Traders are also watching FTSE Russell’s reconstitution dates: the next preliminary list updates are set for June 12 and June 18, and the new Russell U.S. indexes will go live after the bell on June 26.
