Bitmine Holds 4.203M ETH, Plans MAVAN Launch in 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: PRnewswire
- ETH Holdings: Bitmine's ETH holdings have reached 4.203 million tokens, valued at approximately $13.5 billion at current prices, showcasing the company's robust accumulation strategy and solidifying its position as the largest ETH holder globally.
- Shareholder Voting Support: At the recent shareholder meeting, 81% voted in favor of increasing authorized shares, reflecting strong shareholder confidence in Bitmine's long-term strategy and potentially providing necessary funding for future capital expansion.
- Investment in Beast Industries: Bitmine announced a $200 million investment in Beast Industries, expected to close in 2026, which not only enhances Bitmine's investment portfolio but may also boost brand influence through collaboration with renowned content creator MrBeast.
- Staking Growth: As of January 19, Bitmine's staked ETH reached 1.838 million tokens, with an expected annual yield of $374 million, indicating the company's leading position in the ETH staking space and future revenue potential.
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 43.00 USD with a low forecast of 39.00 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.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 31.160
Low
39.00
Averages
43.00
High
47.00
Current: 31.160
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. 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.
