Friday close
$23.80
▼ 7.14% · −$1.83
BitMine Shares Drop 7.1% With $14.4 Billion Valuation, Crypto Holdings Reach $14.9 Billion
NORWALK, Connecticut, August 29, 2026, 10:50. BitMine's stock slid 7.1%, as the company's market value stood at $14.4 billion while its cryptocurrency assets grew to $14.9 billion.
NYSE: BMNR · treasury sensitivity
BitMine: asset parity, equity volatility
Market close: Aug. 28, 2026 · 16:00 EDT
Checked: Aug. 29, 2026 · 10:50 EDT
Checked: Aug. 29, 2026 · 10:50 EDT
Market cap
$14.36B
603.23M shares outstanding
Reported gross holdings
$14.90B
Company mark · Aug. 23, 14:00 EDT
Market / gross holdings
0.96×
Not a net-asset-value calculation
Friday repricing
Equity amplified the token declineCrypto levels at 00:00 UTC Aug. 29
Trading activity
Volume51.59M132% of 65-day average
Estimated turnover$1.23B8.6% of outstanding shares
Value erased$1.10BUsing 603.23M shares
After-hours−0.40%$23.70 at 19:59 EDT
Short interest8.03%48.2M shares, Aug. 14
ETH treasury
Total ETH5.848M4.8% of 120.7M supply
Staked ETH5.067M87% of holdings
Friday ETH close$2,443−2.70%
$100 ETH move$584.8M4.1% of BMNR market cap
Share of reported ETH currently staked
Yield engine versus equity value
Annualized staking revenue$330MCompany projection at current deployment
At-scale staking reward$381MAssumes all ETH staked at 2.67%
Revenue / market cap2.3%Annualized staking revenue only
Fiscal Q3 revenue$46.5M98% staking and validation
Fiscal Q3 net loss$83.6MGAAP, quarter ended May 31
9M operating cash flow−$287.6MFinancing supplied $12.22B
Investor read-through
The shares now trade near the company’s reported gross asset figure, but gross holdings are not NAV. Private stakes, taxes, liabilities, custody costs and staked-asset liquidity can widen the gap. Thin analyst coverage—only two listed ratings—also limits the usefulness of consensus targets.
Risks and next checks
Primary riskETH concentrationToken volatility dominates balance-sheet value
Liquidity risk87% stakedExit queues can delay cash access
Capital riskDilutionTreasury growth has relied heavily on financing
Next sessionAug. 3109:30 EDT U.S. cash open
Macro catalystSep. 15–16Federal Reserve policy meeting
Sources
MarketWatch quote · BitMine Aug. 24 release · SEC Form 10-Q · AP market close
BitMine Shares Slip 7.1% Amid $1.1 Billion Selloff That Scrutinizes Ethereum Treasury Discount
BitMine Immersion Technologies dropped 7.14% on Friday, wiping out approximately $1.10 billion in market capitalisation. The fall outpaced Ether's decline of about 3%.
BitMine treasury valuation monitor
BMNR selloff versus marked Ethereum assets
28 Aug 2026 · 18:46 EDT
BMNR close
$23.80
−7.14%
Volume
51.39M
133% of 65-day average
Equity value
$14.36B
≈$1.10B erased
Implied discount
3.2%
to marked disclosed assets
Marked asset bridge
ETH marked at $2,438; other assets use August 23 company disclosures. Market cap uses 603.23M shares and Friday's close.
Staking engine
| ETH held | 5.848M |
| ETH staked | 5.067M |
| Share staked | 86.7% |
| 7-day yield | 2.67% |
| Annualized revenue | $330M |
Movement and sensitivity
| Measure | Current | Change / sensitivity |
|---|---|---|
| BMNR | $23.80 | −7.14% |
| Ether | ≈$2,438 | ≈−3.0% / 24h |
| Value impact of 1% ETH move | — | ≈$143M |
| Quarterly common-holder loss | May 2026 | −$83.6M |
| Stockholders' equity | May 2026 | $11.60B |
Watch: The 3.2% discount is narrower than normal crypto volatility. It is not audited NAV and excludes liabilities, tax, custody costs, dilution and live changes in private investments. Sparse analyst coverage—two ratings—makes treasury sensitivity the cleaner near-term benchmark.
BitMine Stock Adds 1% as Ether Treasury Value Nears Market Cap
BitMine Immersion Technologies Inc. rose 1.28% to $24.45 in early Tuesday trade. Volume reached 10.2 million shares by 09:47 EDT. The stock remained among the market's most active issues.
NYSE: BMNR · Ethereum Treasury Monitor
BitMine's market value meets its Ether vault
The stock now trades close to company-reported gross holdings. That makes Ether-per-share growth, staking income and dilution the three variables that matter.
Market open · 25 Aug 2026
Share price
$24.45
+1.28% · 09:47 EDT
Market cap
$14.75B
603.23M shares outstanding
Gross holdings
$14.90B
Company report · 23 Aug, 14:00 EDT
Early volume
10.17M
First 17 minutes · 09:47 EDT
Gross holdings rose 31% in one week
Token count grew only 0.6% in the latest week. Ether's company marker price rose 28.9%.
Ether concentration
ETH held
5,847,611
4.8% of reported 120.7M supply
86.7% staked · 5,067,309 ETH
A 1% ETH move changes gross treasury value by about $143M.
Gross holdings per share sensitivity
| ETH scenario | Gross holdings | Per share* |
|---|---|---|
| $2,000 | $12.33B | $20.44 |
| $2,440 reported | $14.90B | $24.70 |
| $3,000 | $18.18B | $30.13 |
*Uses 603.23M shares and holds non-ETH items constant. Gross, not net asset value; excludes liabilities and preferred claims.
Staking income signal
| Seven-day annualised yield | 2.67% |
| Current projected annual revenue | $330M |
| Fully scaled projection | $381M |
| Current projection / market cap | 2.2% |
Management projections, not guidance. Yield, uptime, fees and ETH prices can change.
Analyst lens
Consensus
Strong Buy
3 analysts$31.87 average$25–$40 range
Coverage was last updated July 16. The lowest target is only 2% above the 09:47 EDT price.
Capital structure watch
| Shares outstanding | 603.23M |
| Quarter-over-quarter change | +21.4% |
| Previous close | $24.14 |
| 25 Aug range, 09:47 EDT | $23.59–$24.52 |
Investor test: ETH value per share must outpace new issuance.
What moves BMNR next
ETH spot priceETH acquired per shareStaking yieldValidator uptimeCash issuancePrivate-investment marksCustody and slashing risk
Risk map: crypto trades continuously while BMNR does not. Gross holdings are issuer-reported and include $269M of strategic equity stakes. Market value can diverge sharply from gross asset value.
Sources: BitMine, 24 Aug 2026; BitMine, 17 Aug 2026; StockAnalysis market data, 25 Aug 2026; S&P Global/TipRanks analyst data. Calculations by TS2 Tech; values rounded.
BitMine Immersion Technologies’ Ether Holdings Gain $2.2 Billion as ETH Climbs
WARSAW, August 21, 2026, 12:16 CEST — BitMine Immersion Technologies saw the value of its Ether reserves rise by about $2.21 billion after ether rebounded to approximately $2,273. The updated figure, still preliminary, measures the increase using Thursday's reference price, up from BitMine's previously reported level of $1,893 on Sunday.
NYSE: BMNR · Ethereum treasury
Ether rebound rewrites BitMine’s asset mark
All prices and calculations carry explicit timestamps. Values are gross, not net asset value.
ETH trades 24/7
5.815M
Disclosed Aug. 17, 2026
$13.22B
At $2,273 per ETH, Aug. 20
+$2.21B
Versus $1,893 Sunday mark
4.8%
Of 120.7M ETH disclosed supply
Treasury sensitivity
per $10 ETH move$58.15M
Illustrative gross values: 5,815,164 ETH × scenario price. Liabilities, taxes, cash, other assets and dilution are excluded.
Staked ETH5.067M87.1%
Cash & securities$78MAug. 17
Shares repurchased since July20.8M+Aug. 17
ETH supply target5.0%96% there
B. Riley · Jul. 16Buy$25.00
Cantor Fitzgerald · Jul. 1Overweight$30.30
S&P Global poll · 3 analystsStrong Buy$31.87 avg.
Target range: $25–$40. Thin coverage makes consensus fragile.
$20.24
BMNR close · Aug. 19, 16:00 EDT
$21.95
BMNR premarket · Aug. 20, 06:43 EDT
Investor read: the $2.21B ETH uplift was 11.7× the cited $189.1M daily spot-ETF inflow and 28.3× reported cash.
BitMine’s $13.26 Billion Ether Holdings Align With Its Premarket Valuation
BitMine Immersion Technologies rose to $21.95 ahead of Thursday’s market open, giving the company, with 603.23 million shares outstanding, a market capitalization near $13.24 billion.
NYSE:BMNR · Investor dashboard
Ether price aligns with equity valuation
BitMine’s premarket value closely mirrored the reported value of its ether holdings, with a difference of roughly $23 million before accounting for additional assets and claims.
Price: Aug. 20, 2026 · 06:43 EDT / 12:43 CEST
Premarket price
$21.95
▲ 8.45% premarket
Prior close: $20.24 as of 16:00 EDT on Aug. 19. Wednesday's change: up 10.72%.
Aug 13 close · $18.29Aug 20 premarket · $21.95
Gross ETH parity
99.8%
Premarket implied market capitalisation shown as a percentage of ether's marked value.
5,815,164 ETH × $2,280.93$13.264B
603.23M shares × $21.95$13.241B
Difference−$23M
Gross differs from net. Value increases with cash and investments, while liabilities, preferred claims, taxes, and dilution reduce it.
Wednesday volume
70.6M
2.20 times the 20-day average
Staked ether
5.07M
87.1% of revealed ETH
Short interest
42.77M
7.2% of shares available for public trading
Analyst target
$31.87
+45.2% compared to premarket
Crypto-equity shift at the close on Wednesday
Strategy
+12.68%
BitMine
+10.72%
Circle
+9.56%
Coinbase
+9.55%
The group climbed after bond yields fell and cryptocurrency prices recovered.
Stock position overview
52-week low · $12.80High · $65.60
Above 50-day average+33.8%
Below 200-day average−5.5%
Below 52-week high−66.5%
Capital allocation and treasury
Total ETH5,815,164
ETH added last week9,926
ETH supply owned4.8%
Shares repurchased since July 120.8M
Cash and marketable securities$78M
Analyst perspective: limited dataset
Consensus target stands at $31.87. On July 16, B. Riley’s Fedor Shabalin reiterated Buy and lowered his price target to $25 from $33.
Having just three forecasts does not represent a wide consensus. Ether's volatility can disrupt target price projections in a matter of hours.
Sources: StockAnalysis, price history, BitMine release. ETH quote: 10:49 UTC.Prepared Aug. 20, 2026 · Values rounded
BitMine (NYSE:BMNR) rises 9%, but share buyback remains minor against Ethereum holdings
NEW YORK, August 7, 2026, 19:13 EDT – Shares in BitMine climbed 9%, though its share repurchase program is still overshadowed by the firm’s significant exposure to Ethereum.
BitMine Immersion Technologies (NYSE:BMNR) Climbs 9% for the Week Even as Ether Holds Steady
BitMine closed Friday’s session at $17.28, down 4.4% for the day, but up 9.4% compared to the previous Friday.
BitMine Shares Surge 13% After Buyback Highlights Ether Holdings Per Share
Shares of BitMine Immersion Technologies rose sharply at the start of New York trading following an increase in its buyback program and a further addition of ether holdings. The stock reached $17.81, up 12.8%, after climbing as high as $18.
Bitmine Immersion (NYSE:BMNR) shares trade closer to asset value following Ether repricing
Bitmine’s gross asset discount has shrunk to 5%-6%, according to an initial estimate, compared to around 18% a week ago. Almost all of the shift was attributed to Ether’s decline.
Bitmine (NYSE:BMNR) drops 6.5% as repurchase activity drives majority of Ether-per-share gains for the week
Shares of Bitmine Immersion Technologies Inc. dropped 6.5% to $16.59 on Thursday. Core trading had ended, but late trading on the NYSE was still underway.
Bitmine (NYSE:BMNR) share repurchase responsible for bulk of weekly Ether-per-share increase
Shares of Bitmine Immersion Technologies, Inc. climbed 4.6% to $18.02 in early Wednesday trade as investors analyzed the company’s recent focus on buybacks in its weekly capital allocation.
Bitmine Stock (NYSE:BMNR): Repurchasing Shares Could Surpass Direct Ether Investments on Per-Share Value
Bitmine Immersion Technologies, Inc. adjusted its reported weekly capital allocation in favor of buying back its own stock. This step may have resulted in a greater increase in Ether exposure per share compared to purchasing additional tokens.
Bitmine’s 5% Ether Goal Now Matches Its $482 Million Cash Pile
Bitmine Immersion Technologies, Inc. is about 264,962 Ether short of its goal of owning 5% of the token’s supply, a gap worth $482.2 million at the $1,820 price used in its latest holdings update. That is almost exactly the $482 million of cash and marketable securities it reported as of July 12.
Bitmine up 12% with Ether gains trimming asset discount
Bitmine Immersion Technologies shares rose 11.5% Tuesday, taking their equity value closer to the company’s reported crypto and cash assets. Ether had its best daily jump in weeks. Bitmine said Monday it was holding 5.77 million ether and $11.3 billion in total crypto, cash, securities and strategic investments as of July 12.
Bitmine (NYSE:BMNR) in Focus Monday After $1B Ether Loss Cuts Buffer
Bitmine Immersion Technologies, Inc. closed Friday at $14.98, up 4.3% for the week. U.S. stocks are closed for the weekend, but ether at $1,624.95 has taken about $1.01 billion off the value of Bitmine’s most recently reported token stash, compared to the $1,800 price from July 5.
Bitmine Up 2% but $2.6 Billion Valuation Gap Stands Out
Bitmine Immersion Technologies shares gained 2% to $14.98 Friday. The stock’s market cap sits near $8.53 billion, but the company reported $11.1 billion in crypto, cash, marketable securities and equity stakes as of June 28. That leaves a $2.57 billion difference.
BMNR stock surges after Bitmine’s $76M Ethereum purchase prompts sharp rally
Bitmine Immersion Technologies, Inc. traded as high as $15.615 midday Monday, up $1.255, or 8.7%. Volume stood at 17.7 million shares. The move put BMNR ahead of the broader market, with the Nasdaq up 1.32% and the S&P 500 higher by 0.68%, according to Investing.com’s intraday board.
Bitmine (NYSE:BMNR) holds under tagged crypto assets as Russell 1000 week starts
Bitmine Immersion Technologies, Inc. is set to reopen Monday, and the main focus is on valuation. The stock remains under the stated value of its listed crypto, cash and investments. U.S. exchanges didn’t trade Friday for the Independence Day holiday. On a regular session, NYSE trading goes from 9:30 a.m. to 4 p.m. Eastern.
Bitmine (BMNR) trails crypto assets after joining Russell 1000
Bitmine Immersion Technologies, Inc. heads into the new week with a simpler test than what happened with Thursday’s price action: will demand from the Russell 1000 index trim the gap between the stock and its reported crypto holdings?
Bitmine (NYSE:BMNR) trades vs Ether holdings as US heads into holiday week
U.S. stock markets are closed Friday for Independence Day. The NYSE marks July 3, 2026, as the Independence Day holiday. Nasdaq’s holiday calendar also shows markets shut. Bitmine Immersion Technologies Inc. next trades in the regular session Monday.
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