Bitmine Holds 3.37% of ETH Supply, Aiming for 5%

Written by Emily J. Thompson, Senior Investment Analyst

BMNR-4.25%

ORBS-9.77%

Source: PRnewswire

Updated: 1h ago

0mins

Source: PRnewswire

ETH Holdings Milestone: Bitmine currently holds 4,066,062 ETH, representing 3.37% of the total ETH supply, marking a significant increase of 98,852 ETH in just 5.5 months, showcasing the company's strong momentum in crypto asset accumulation.
Total Asset Value: Bitmine's total assets have reached $13.2 billion, including $1 billion in cash and a $32 million investment in Eightco Holdings, indicating robust financial strength and a diversified investment strategy in the crypto market.
Trading Activity: Bitmine ranks as the 66th most traded stock in the U.S. with an average daily trading volume of $1.7 billion, reflecting high investor interest and liquidity, which further enhances its market position.
Future Development Plans: The company plans to launch its staking solution, MAVAN, in early 2026, aimed at providing secure staking infrastructure, which will lay the groundwork for Bitmine's further development in the DeFi space.

BMNR

$29.77+Infinity%1D

Analyst Views on BMNR

Wall Street analysts forecast BMNR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BMNR is 47.00 USD with a low forecast of 47.00 USD and a high forecast of 47.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

1 Analyst Rating

1 Buy

0 Hold

0 Sell

Moderate Buy

Current: 31.090

Low

47.00

Averages

47.00

High

47.00

Current: 31.090

Low

47.00

Averages

47.00

High

47.00

B. Riley

Buy

downgrade

$90 -> $47

2025-11-20

Reason

B. Riley

Price Target

$90 -> $47

2025-11-20

downgrade

Buy

Reason

B. Riley lowered the firm's price target on Bitmine Immersion to $47 from $90 and keeps a Buy rating on the shares. Estimates for Digital Asset Treasury Companies have been revised down due to ongoing sector headwinds and weak pricing, with BTC, ETH, and SOL treasuries underperforming their underlying assets since mid-October, the analyst tells investors in a research note. Despite these cuts, valuation dislocations remain, and potential support could come from ROE-enhancing actions-such as buybacks, preferred issuance, or restaking-and stabilization in crypto markets, the firm says.

B. Riley

Fedor Shabalin

Buy

initiated

$90

2025-10-15

Reason

B. Riley

Fedor Shabalin

Price Target

$90

2025-10-15

initiated

Buy

Reason

B. Riley analyst Fedor Shabalin initiated coverage of Bitmine Immersion with a Buy rating and $90 price target.

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. The Company’s 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.

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.