Bitmine Immersion Reports Total Assets of $12.8 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 26 2026
0mins
Should l Buy BMNR?
Bitmine Immersion (BMNR) announced Bitmine crypto + total cash + "moonshots" holdings totaling $12.8B. As of January 25th, the company's crypto holdings are comprised of 4,243,338 ETH at $2,839 per ETH, 193 Bitcoin, $200M stake in Beast Industries, $19M stake in Eightco Holdings (ORBS) and total cash of $682M. Bitmine's ETH holdings are 3.52% of the ETH supply of 120.7 million ETH. Bitmine invested $200M into Beast Industries on January 15 and the initial investment closed this past week and is currently reflected in the 'moonshots.' As of January 25, 2026, Bitmine total staked ETH stands at 2,009,267 - $5.7B at $2,839 per ETH -. This is an increase of 171,264 in the past week. This is a fraction of the 4.2 million ETH held by Bitmine. Bitmine crypto holding reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy (MSTR), which owns 709,715 BTC valued at $61B. Bitmine remains the largest ETH treasury in the world.
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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: 19.960
Low
39.00
Averages
43.00
High
47.00
Current: 19.960
Low
39.00
Averages
43.00
High
47.00
About BMNR
Bitmine Immersion Technologies Inc. is a technology company focused on Bitcoin mining using immersion technology, an advanced cooling technique where computers are submerged in specialized oil circulated to keep units operating at optimal ambient temperature. The Company operates in the cryptocurrency mining industry. Its business includes industrial scale digital asset mining, equipment sales and hosting operations. It is engaged in self-mining bitcoin for its own account, as well as hosting third party equipment used in mining of digital asset coins and tokens, specifically bitcoin. It conducts digital asset mining operations using specialized computers equipped with application-specific integrated circuit chips. Its data centers provide power, racks, thermodynamic management (heat dissipation and airflow management), redundant connectivity, 24/7 security, as well as software which provide infrastructure management and custom firmware that improves performance and energy efficiency.
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 Achieves Elite Performance Tier Amidst Market Challenges
- Momentum Score Surge: Bitmine Immersion Technologies Inc. saw its Benzinga Edge momentum score rise from 88.65 to 94.23, indicating it is outperforming most stocks in terms of relative strength and price volatility, despite a weaker long-term price trend.
- Strategic Investment Vision: The company's $200 million commitment to Beast Industries, where it holds a 4% stake, is expected to yield returns of 200x to 300x as content creators increasingly shift towards digital wallet payments, highlighting its strategic positioning in the creator economy.
- Ethereum Holding Advantage: Bitmine currently holds 4.37 million ETH, valued at approximately $8.7 billion, making it the largest institutional position globally, with Lee maintaining a bullish price target for Ethereum between $7,000 and $9,000, reflecting confidence in the market.
- Stock Performance Challenges: Despite a 36.01% decline in BMNR's stock year-to-date, it has increased by 173.42% over the past year, illustrating a contradiction between short-term volatility and long-term potential.
See More
Economist Warns Bitcoin Could Crash to $20,000
- Bitcoin Crash Warning: Renowned economist Peter Schiff warned on social media that Bitcoin could drop to $20,000 or lower, representing an 84% drawdown from its all-time high, urging market participants to exit before it's too late to avoid losses.
- Market Sentiment Analysis: Schiff noted that the current hype, leverage, and institutional ownership of Bitcoin are at high levels, increasing the risk of a downturn; although Bitcoin has experienced similar volatility in the past, the current market environment is more complex.
- Technical Analysis Avoidance: When pressed for technical analysis backing his prediction, Schiff stated that while supporters claim volatility is a thing of the past after each new high, this volatility is actually a feature of Bitcoin, and investors should remain cautious.
- Market Bottom Prediction: Despite Schiff's bearish outlook, Fidelity's Jurrien Timmer believes that Bitcoin's $60,000 low is the cycle bottom, predicting a new bull market will emerge after a few months of backing and filling, indicating differing views on Bitcoin's future in the market.
See More
Cryptocurrency Market Weakens as Stocks Rally Sharply
- Cryptocurrency Market Decline: Bitcoin fluctuated between the high $65,000s and low $68,000s, with trading volume dipping, leading to over $220 million liquidated in the last 24 hours, reflecting extreme fear and strong bearish sentiment.
- Stock Market Surge: The Dow Jones Industrial Average rose by 129.47 points, or 0.26%, closing at 49,662.66, while the S&P 500 and Nasdaq Composite gained 0.56% and 0.78%, respectively, indicating strong investor interest in defense-related stocks.
- Defense Stocks Performance: Following reports of the Trump administration nearing a “major” military operation against Iran, the SPDR S&P Aerospace & Defense ETF and Global X Defense Tech ETF surged by 1.76% and 2.56%, respectively, reflecting optimistic expectations for defense spending.
- Bitcoin Future Outlook: Analyst Ali Martinez forecasts further declines for Bitcoin to at least $51,000, while another analyst, Michaël van de Poppe, anticipates a significant move on the horizon, indicating a divergence in market sentiment regarding Bitcoin's future trajectory.
See More
Peter Thiel Fully Exits ETHZilla After 97% Collapse
- Investment Lesson: Peter Thiel and Founders Fund acquired a 7.5% stake in ETHZilla at $107 in August 2025, but the stock plummeted 97% within months, turning a high-profile Ethereum investment into a cautionary tale.
- Capital Mismanagement: ETHZilla launched its Ethereum strategy after raising $565 million in August 2025, holding over 100,000 ETH at its peak, but was forced to sell approximately $40 million in ETH to fund stock buybacks after the market crash, highlighting the fragility of its business model.
- Strategic Pivot: ETHZilla is shifting towards real-world asset tokenization, having acquired $4.7 million in manufactured and modular home loans and two CFM56-7B24 aircraft engines for tokenization, attempting to move away from its failed Ethereum accumulation strategy.
- Current Holdings Update: ETHZilla now holds 69,802 ETH valued at approximately $139 million, significantly trailing behind BitMine Immersion Technologies, which holds 4,371,497 ETH, indicating its competitive disadvantage in the Ethereum market.
See More
Bank of America Reports 3,162,085 Shares of BMNR in Q4 2025, Marking a 1668% Growth in Holdings.
Bank of America Holdings: Bank of America revealed it held 3,162,085 shares of Bitmine (BMNR) stock in the fourth quarter of 2025, valued at approximately $85.8 million.
Significant Increase in Ownership: This purchase represents a substantial 1,668% increase in the bank's ownership of BMNR compared to its previous holding of only 178,808 shares.
See More
Ethereum Price May Have Bottomed Out, Optimistic Future Outlook
- Market Sentiment Low: The current crypto fear and greed index stands at 12, nearing panic-selling levels, indicating that Ethereum may have bottomed out, and an improvement in market sentiment could lead to a price rebound.
- DeFi Dominance: Ethereum holds a commanding 57% of the total value locked (TVL) in decentralized finance (DeFi), establishing itself as the preferred blockchain for Wall Street, highlighting its central role in financial innovation.
- Legislative Boost Potential: The passage of the Digital Asset Market Clarity Act could significantly benefit Ethereum, similar to the impact of last year's stablecoin legislation, potentially driving the price back to the $5,000 level.
- Investment Opportunity Emerges: Despite Ethereum's current price around $2,000, which is 60% lower than six months ago, there is potential for investors to double their money by 2026 if the market recovers, making it a noteworthy investment consideration.
See More
Bitmine Achieves Elite Performance Tier Amidst Market Challenges
- Momentum Score Surge: Bitmine Immersion Technologies Inc. saw its Benzinga Edge momentum score rise from 88.65 to 94.23, indicating it is outperforming most stocks in terms of relative strength and price volatility, despite a weaker long-term price trend.
- Strategic Investment Vision: The company's $200 million commitment to Beast Industries, where it holds a 4% stake, is expected to yield returns of 200x to 300x as content creators increasingly shift towards digital wallet payments, highlighting its strategic positioning in the creator economy.
- Ethereum Holding Advantage: Bitmine currently holds 4.37 million ETH, valued at approximately $8.7 billion, making it the largest institutional position globally, with Lee maintaining a bullish price target for Ethereum between $7,000 and $9,000, reflecting confidence in the market.
- Stock Performance Challenges: Despite a 36.01% decline in BMNR's stock year-to-date, it has increased by 173.42% over the past year, illustrating a contradiction between short-term volatility and long-term potential.
See More
Economist Warns Bitcoin Could Crash to $20,000
- Bitcoin Crash Warning: Renowned economist Peter Schiff warned on social media that Bitcoin could drop to $20,000 or lower, representing an 84% drawdown from its all-time high, urging market participants to exit before it's too late to avoid losses.
- Market Sentiment Analysis: Schiff noted that the current hype, leverage, and institutional ownership of Bitcoin are at high levels, increasing the risk of a downturn; although Bitcoin has experienced similar volatility in the past, the current market environment is more complex.
- Technical Analysis Avoidance: When pressed for technical analysis backing his prediction, Schiff stated that while supporters claim volatility is a thing of the past after each new high, this volatility is actually a feature of Bitcoin, and investors should remain cautious.
- Market Bottom Prediction: Despite Schiff's bearish outlook, Fidelity's Jurrien Timmer believes that Bitcoin's $60,000 low is the cycle bottom, predicting a new bull market will emerge after a few months of backing and filling, indicating differing views on Bitcoin's future in the market.
See More
Cryptocurrency Market Weakens as Stocks Rally Sharply
- Cryptocurrency Market Decline: Bitcoin fluctuated between the high $65,000s and low $68,000s, with trading volume dipping, leading to over $220 million liquidated in the last 24 hours, reflecting extreme fear and strong bearish sentiment.
- Stock Market Surge: The Dow Jones Industrial Average rose by 129.47 points, or 0.26%, closing at 49,662.66, while the S&P 500 and Nasdaq Composite gained 0.56% and 0.78%, respectively, indicating strong investor interest in defense-related stocks.
- Defense Stocks Performance: Following reports of the Trump administration nearing a “major” military operation against Iran, the SPDR S&P Aerospace & Defense ETF and Global X Defense Tech ETF surged by 1.76% and 2.56%, respectively, reflecting optimistic expectations for defense spending.
- Bitcoin Future Outlook: Analyst Ali Martinez forecasts further declines for Bitcoin to at least $51,000, while another analyst, Michaël van de Poppe, anticipates a significant move on the horizon, indicating a divergence in market sentiment regarding Bitcoin's future trajectory.
See More
Peter Thiel Fully Exits ETHZilla After 97% Collapse
- Investment Lesson: Peter Thiel and Founders Fund acquired a 7.5% stake in ETHZilla at $107 in August 2025, but the stock plummeted 97% within months, turning a high-profile Ethereum investment into a cautionary tale.
- Capital Mismanagement: ETHZilla launched its Ethereum strategy after raising $565 million in August 2025, holding over 100,000 ETH at its peak, but was forced to sell approximately $40 million in ETH to fund stock buybacks after the market crash, highlighting the fragility of its business model.
- Strategic Pivot: ETHZilla is shifting towards real-world asset tokenization, having acquired $4.7 million in manufactured and modular home loans and two CFM56-7B24 aircraft engines for tokenization, attempting to move away from its failed Ethereum accumulation strategy.
- Current Holdings Update: ETHZilla now holds 69,802 ETH valued at approximately $139 million, significantly trailing behind BitMine Immersion Technologies, which holds 4,371,497 ETH, indicating its competitive disadvantage in the Ethereum market.
See More
Bank of America Reports 3,162,085 Shares of BMNR in Q4 2025, Marking a 1668% Growth in Holdings.
Bank of America Holdings: Bank of America revealed it held 3,162,085 shares of Bitmine (BMNR) stock in the fourth quarter of 2025, valued at approximately $85.8 million.
Significant Increase in Ownership: This purchase represents a substantial 1,668% increase in the bank's ownership of BMNR compared to its previous holding of only 178,808 shares.
See More
Ethereum Price May Have Bottomed Out, Optimistic Future Outlook
- Market Sentiment Low: The current crypto fear and greed index stands at 12, nearing panic-selling levels, indicating that Ethereum may have bottomed out, and an improvement in market sentiment could lead to a price rebound.
- DeFi Dominance: Ethereum holds a commanding 57% of the total value locked (TVL) in decentralized finance (DeFi), establishing itself as the preferred blockchain for Wall Street, highlighting its central role in financial innovation.
- Legislative Boost Potential: The passage of the Digital Asset Market Clarity Act could significantly benefit Ethereum, similar to the impact of last year's stablecoin legislation, potentially driving the price back to the $5,000 level.
- Investment Opportunity Emerges: Despite Ethereum's current price around $2,000, which is 60% lower than six months ago, there is potential for investors to double their money by 2026 if the market recovers, making it a noteworthy investment consideration.
See More
