BMNR Shares Rise Following Bitmine's Largest Ethereum Purchase of the Year; Tom Lee Predicts End of 'Mini Crypto Winter'
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 23 2026
0mins
Source: stocktwits
Bitmine's Ethereum Acquisition: Bitmine has announced its largest purchase of Ethereum this year, acquiring over 65,000 ETH tokens, significantly increasing its weekly buying pace compared to previous averages.
Market Sentiment and Price Movements: Ethereum's price rose by 3.1% in the last 24 hours, surpassing $2,100, amidst a broader rally in the cryptocurrency market, while retail sentiment shifted to a bearish outlook.
Company Holdings and Goals: Bitmine's total Ethereum holdings now amount to 4.6 million ETH, representing about 3.86% of the total Ethereum supply, with a goal to reach 5% market share.
Future Expectations: The chairman of Bitmine anticipates the signing of the CLARITY Act into law by the end of April, which he believes will positively impact Ethereum's price.
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Analyst Views on BMNR
Wall Street analysts forecast BMNR stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 16.520
Low
39.00
Averages
43.00
High
47.00
Current: 16.520
Low
39.00
Averages
43.00
High
47.00
About BMNR
Bitmine Immersion Technologies Inc. is a Bitcoin (BTC) and Ethereum (ETH) network company, focusing on the accumulation of Crypto for long-term investment. Its business lines include Bitcoin Mining, synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies, and general Bitcoin advisory to public companies. Its business integrates a digital asset treasury anchored in ETH with an operating platform historically focused on BTC mining and hosting. Through its legacy mining-as-a-service business, it provided turnkey infrastructure and management solutions for institutional clients seeking BTC mining exposure without direct operational obligations. The mining-as-a-services include hardware sales and deployment support; operations management, uptime maximization, and pool payout optimization; and financial reporting and compliance support. It also operates Made-in America VAlidator Network (MAVAN).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Bitmine Announces Initial Dividend and NYSE Listing
- Initial Dividend Declaration: Bitmine Immersion Technologies announced that its Board of Directors has approved an initial cash dividend of $0.316667 per share, representing accumulated dividends since the initial issuance on June 10, 2026, which will be payable on June 22, 2026, demonstrating the company's commitment to shareholders and enhancing investor confidence.
- Second Dividend Payment: The company also announced a second cash dividend of $0.105556 per share to be paid on June 26, 2026, further solidifying its appeal among investors and potentially promoting stock price stability and growth.
- NYSE Listing Approval: Bitmine's preferred shares have been approved for listing on the New York Stock Exchange under the ticker symbol “BMNP,” with trading expected to commence on June 16, 2026, a move that will enhance the company's market visibility and attract more investors.
- Strategic Asset Allocation: Bitmine is allocating its excess capital to become a leading treasury management firm focused on Ethereum, implementing innovative digital asset strategies, showcasing its forward-looking positioning in the rapidly evolving cryptocurrency market.
See More
BitMine's 9.50% Series A Preferred Shares to Begin Trading on NYSE
- Preferred Shares Listing: BitMine Immersion Technologies' 9.50% Series A preferred shares are set to begin trading on the NYSE on June 16, offering investors a stable yield despite the current weak performance of the Ethereum market.
- Initial Dividend Declaration: The BitMine Board declared an initial cash dividend of $0.316667 per share, covering the period since the shares were first issued on June 10, with payment expected on June 22, demonstrating the company's commitment to its shareholders.
- Market Sentiment Weak: Despite the upcoming preferred shares listing, BMNR's stock closed down by 2% last Friday, and retail sentiment on Stocktwits remains in the 'bearish' zone, reflecting concerns over Ethereum and related assets.
- Ethereum's Poor Performance: Ethereum recorded returns of -29.26% in Q1 and -20.43% in Q2 of 2026, marking the second time in history that it has logged consecutive quarterly losses in the same year, indicating ongoing market weakness.
See More
Bitmine Announces Initial Cash Dividend and Listing Plans
- Initial Cash Dividend: Bitmine has announced an initial cash dividend of $0.316667 per share for its 9.50% Series A Preferred Stock, payable on June 22, 2026, reflecting the company's commitment to shareholder returns and likely boosting investor confidence.
- Ongoing Dividend Plan: The company has also established a second cash dividend of $0.105556 per share, scheduled for payment on June 26, 2026, indicating stable cash flow and profitability, which may attract potential investors.
- Listing Plans: Bitmine's Series A Preferred Stock has been approved for listing on the New York Stock Exchange, with trading set to commence on June 16, 2026, expected to enhance the company's market visibility and increase liquidity.
- Strategic Development: Bitmine aims to solidify its position in the digital currency market through its innovative digital asset strategy, particularly focusing on Ethereum as its primary treasury reserve asset, driving long-term growth.
See More
Bitmine Announces First Preferred Stock Dividend
- First Dividend Announcement: Bitmine has declared its first preferred stock dividend of $0.316667 per share, payable on June 22, 2026, reflecting the company's proactive approach to capital returns, aimed at boosting investor confidence and attracting more capital inflows.
- Second Dividend Confirmation: The company also plans to pay a second dividend of $0.105556 per share on June 26, 2026, demonstrating ongoing profitability and commitment to shareholders, further solidifying its market position.
- Stock Listing Information: Bitmine's preferred stock has been approved for listing on the New York Stock Exchange, with trading set to begin on June 16, 2026, which is expected to enhance the company's market visibility and support its financing activities.
- Strategic Development Direction: Bitmine aims to expand its influence in the digital asset space through its innovative asset strategy and ETH-centric reserve strategy, particularly among institutional investors, with the goal of achieving long-term sustainable growth.
See More
Bitmine Declares First Cash Dividend on Series A Preferred Stock
- First Cash Dividend: Bitmine announced a cash dividend of $0.316667 per share on its Series A preferred stock, payable on June 22, 2026, marking the company's first return to investors and potentially attracting more capital inflows due to increased investor confidence.
- Second Dividend Plan: The company also plans to pay a second cash dividend of $0.105556 per share on June 26, 2026, further demonstrating its stable cash flow and commitment to shareholders, which is expected to enhance long-term shareholder retention.
- Listing Approval: Bitmine's preferred stock has received approval for listing on the New York Stock Exchange, set to begin trading on June 16, 2026, which will enhance the company's market visibility and could drive stock price appreciation.
- Digital Asset Strategy: Bitmine is implementing an innovative digital asset strategy, aiming to make Ethereum its primary cash reserve asset while leveraging staking and decentralized financing mechanisms to strengthen its competitive position in the cryptocurrency market.
See More
Bitmine Announces Dividend Distribution and NYSE Listing Plans
- Initial Cash Dividend: Bitmine has announced an initial cash dividend of 9.50% for Series A preferred shareholders, amounting to $0.316667 per share, payable on June 22, 2026, reflecting the company's commitment to shareholder returns.
- Second Cash Dividend: The company plans to distribute a second cash dividend of $0.105556 per share on June 26, 2026, further boosting shareholder confidence and enhancing market expectations for the company's future performance.
- Listing Plans: The Series A preferred shares have received approval for listing on the New York Stock Exchange, with trading set to commence on June 16, 2026, under the ticker symbol “BMNP”, which will help increase the company's market visibility and liquidity.
- Strategic Transformation: Bitmine is leveraging excess capital to transform into a leading Ethereum treasury company, planning to attract institutional investors through innovative digital asset strategies and a focus on staking mechanisms, demonstrating its forward-looking positioning in the digital asset space.
See More
Bitmine Announces Initial Dividend and NYSE Listing
- Initial Dividend Declaration: Bitmine Immersion Technologies announced that its Board of Directors has approved an initial cash dividend of $0.316667 per share, representing accumulated dividends since the initial issuance on June 10, 2026, which will be payable on June 22, 2026, demonstrating the company's commitment to shareholders and enhancing investor confidence.
- Second Dividend Payment: The company also announced a second cash dividend of $0.105556 per share to be paid on June 26, 2026, further solidifying its appeal among investors and potentially promoting stock price stability and growth.
- NYSE Listing Approval: Bitmine's preferred shares have been approved for listing on the New York Stock Exchange under the ticker symbol “BMNP,” with trading expected to commence on June 16, 2026, a move that will enhance the company's market visibility and attract more investors.
- Strategic Asset Allocation: Bitmine is allocating its excess capital to become a leading treasury management firm focused on Ethereum, implementing innovative digital asset strategies, showcasing its forward-looking positioning in the rapidly evolving cryptocurrency market.
See More
BitMine's 9.50% Series A Preferred Shares to Begin Trading on NYSE
- Preferred Shares Listing: BitMine Immersion Technologies' 9.50% Series A preferred shares are set to begin trading on the NYSE on June 16, offering investors a stable yield despite the current weak performance of the Ethereum market.
- Initial Dividend Declaration: The BitMine Board declared an initial cash dividend of $0.316667 per share, covering the period since the shares were first issued on June 10, with payment expected on June 22, demonstrating the company's commitment to its shareholders.
- Market Sentiment Weak: Despite the upcoming preferred shares listing, BMNR's stock closed down by 2% last Friday, and retail sentiment on Stocktwits remains in the 'bearish' zone, reflecting concerns over Ethereum and related assets.
- Ethereum's Poor Performance: Ethereum recorded returns of -29.26% in Q1 and -20.43% in Q2 of 2026, marking the second time in history that it has logged consecutive quarterly losses in the same year, indicating ongoing market weakness.
See More
Bitmine Announces Initial Cash Dividend and Listing Plans
- Initial Cash Dividend: Bitmine has announced an initial cash dividend of $0.316667 per share for its 9.50% Series A Preferred Stock, payable on June 22, 2026, reflecting the company's commitment to shareholder returns and likely boosting investor confidence.
- Ongoing Dividend Plan: The company has also established a second cash dividend of $0.105556 per share, scheduled for payment on June 26, 2026, indicating stable cash flow and profitability, which may attract potential investors.
- Listing Plans: Bitmine's Series A Preferred Stock has been approved for listing on the New York Stock Exchange, with trading set to commence on June 16, 2026, expected to enhance the company's market visibility and increase liquidity.
- Strategic Development: Bitmine aims to solidify its position in the digital currency market through its innovative digital asset strategy, particularly focusing on Ethereum as its primary treasury reserve asset, driving long-term growth.
See More
Bitmine Announces First Preferred Stock Dividend
- First Dividend Announcement: Bitmine has declared its first preferred stock dividend of $0.316667 per share, payable on June 22, 2026, reflecting the company's proactive approach to capital returns, aimed at boosting investor confidence and attracting more capital inflows.
- Second Dividend Confirmation: The company also plans to pay a second dividend of $0.105556 per share on June 26, 2026, demonstrating ongoing profitability and commitment to shareholders, further solidifying its market position.
- Stock Listing Information: Bitmine's preferred stock has been approved for listing on the New York Stock Exchange, with trading set to begin on June 16, 2026, which is expected to enhance the company's market visibility and support its financing activities.
- Strategic Development Direction: Bitmine aims to expand its influence in the digital asset space through its innovative asset strategy and ETH-centric reserve strategy, particularly among institutional investors, with the goal of achieving long-term sustainable growth.
See More
Bitmine Declares First Cash Dividend on Series A Preferred Stock
- First Cash Dividend: Bitmine announced a cash dividend of $0.316667 per share on its Series A preferred stock, payable on June 22, 2026, marking the company's first return to investors and potentially attracting more capital inflows due to increased investor confidence.
- Second Dividend Plan: The company also plans to pay a second cash dividend of $0.105556 per share on June 26, 2026, further demonstrating its stable cash flow and commitment to shareholders, which is expected to enhance long-term shareholder retention.
- Listing Approval: Bitmine's preferred stock has received approval for listing on the New York Stock Exchange, set to begin trading on June 16, 2026, which will enhance the company's market visibility and could drive stock price appreciation.
- Digital Asset Strategy: Bitmine is implementing an innovative digital asset strategy, aiming to make Ethereum its primary cash reserve asset while leveraging staking and decentralized financing mechanisms to strengthen its competitive position in the cryptocurrency market.
See More
Bitmine Announces Dividend Distribution and NYSE Listing Plans
- Initial Cash Dividend: Bitmine has announced an initial cash dividend of 9.50% for Series A preferred shareholders, amounting to $0.316667 per share, payable on June 22, 2026, reflecting the company's commitment to shareholder returns.
- Second Cash Dividend: The company plans to distribute a second cash dividend of $0.105556 per share on June 26, 2026, further boosting shareholder confidence and enhancing market expectations for the company's future performance.
- Listing Plans: The Series A preferred shares have received approval for listing on the New York Stock Exchange, with trading set to commence on June 16, 2026, under the ticker symbol “BMNP”, which will help increase the company's market visibility and liquidity.
- Strategic Transformation: Bitmine is leveraging excess capital to transform into a leading Ethereum treasury company, planning to attract institutional investors through innovative digital asset strategies and a focus on staking mechanisms, demonstrating its forward-looking positioning in the digital asset space.
See More
