BMNR News & Events

Bitmine Immersion Technologies (BMNR) announced Bitmine crypto + total cash + "moonshots" holdings totaling $12.3B. The Company recently announced its uplisting to the NYSE from the NYSE American on April 9. The Company's common stock continues to trade under the symbol "BMNR." As of May 25, at 1:00pm ET, the Company's crypto holdings are comprised of 5,390,404 ETH at $2,134 per ETH at Coinbase (COIN), 203 Bitcoin, $200M stake in Beast Industries, $95M stake in Eightco Holdings (ORBS) and total cash of $444M. Bitmine's ETH holdings are 4.47% of the ETH supply, of 120.7M ETH. Bitmine recently launched MAVAN, the institutional grade staking platform. While MAVAN was originally developed to support Bitmine's own Ethereum treasury, MAVAN intends to expand to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. A portion of Bitmine's ETH is already staked on the MAVAN platform. As of May 25, Bitmine total staked ETH stands at 4,712,917, or $10.1B at $2,134 per ETH.

Moderately bullish activity in Bitmine Immersion Technologies Inc (BMNR), with shares up 22c, or 1.16%, near $19.61. Options volume relatively light with 112k contracts traded and calls leading puts for a put/call ratio of 0.41, compared to a typical level near 0.42. Implied volatility (IV30) dropped 2.4 near 70.42,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.87. Put-call skew flattened, suggesting a modestly bullish tone.