Bitmine Immersion Technologies Shares Drop to $21.95
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy BMNR?
Mixed options sentiment in Bitmine Immersion Technologies Inc (BMNR), with shares down 38c near $21.95. Options volume roughly in line with average with 98k contracts traded and calls leading puts for a put/call ratio of 0.65, compared to a typical level near 0.49. Implied volatility (IV30) dropped 2.54 near 83.12,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.15. Put-call skew flattened, suggesting a modestly bullish tone.
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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: 22.950
Low
39.00
Averages
43.00
High
47.00
Current: 22.950
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.
Bitmine Immersion's Massive Ethereum Accumulation Strategy
- Ethereum Holdings Surge: As of April 19, 2026, Bitmine Immersion holds approximately 4.98 million Ethereum at around $2,301 each, establishing itself as one of the largest holders and strategically enhancing its influence in the crypto market.
- Significant Staking Yields: Currently, about 3.33 million Ethereum are staked, accounting for 67% of total holdings, which not only generates steady income for the company but also positions it with a 4.12% share of the total Ethereum supply, solidifying its market presence.
- Rapid Accumulation Trend: In the past week alone, Bitmine Immersion added approximately 101.6K Ethereum, marking one of the fastest accumulation rates since December 2025, indicating the company's confidence in a potential crypto market recovery that could yield higher returns in the future.
- Poor Market Reaction: Despite Ethereum's price rising about 7%, Bitmine Immersion's stock has declined approximately 4% to $22.08, raising concerns about the company's future performance and potentially affecting investor confidence.
See More
Bitmine Holds 497.6 Million ETH, Expands Institutional Staking
- Significant ETH Holdings: Bitmine's ETH holdings have reached 49.76 million tokens, accounting for approximately 4.12% of the total supply, which solidifies the company's position in the cryptocurrency market and enhances confidence in its long-term investment strategy.
- Liquidity and Trading Volume: Bitmine's stock averages $1.2 billion in daily trading volume in the U.S. market, ranking 80th, indicating high investor interest and liquidity, which further attracts institutional participation.
- Revenue Growth Potential: With a total of 3,334,637 ETH staked on the MAVAN platform, Bitmine anticipates annualized staking rewards of $330 million, which not only boosts the company's revenue potential but also increases its appeal among institutional investors.
- Optimistic Market Outlook: As ETH has risen 41% since February, CEO Thomas Lee believes the
See More
Bitmine Acquires Over 4% of Total Ethereum Supply
- Ethereum Holdings Surge: Bitmine has acquired over 4% of the total Ethereum supply, totaling 4,976,485 ETH valued at approximately $7.7 billion, demonstrating the company's robust investment capability in the crypto market within just nine months.
- Strong Uplisting Performance: Bitmine successfully uplisted to the New York Stock Exchange from NYSE American on April 9, 2026, becoming the 80th most traded stock in the US with an average daily trading volume of $1.2 billion, reflecting high market recognition of its growth potential.
- Launch of MAVAN Platform: The introduction of MAVAN (Made in America Validator Network) focuses on providing efficient Ethereum staking services for institutional investors, with projected annual rewards of $330 million, further solidifying Bitmine's leadership in the Ethereum staking market.
- Institutional Investor Backing: Bitmine is supported by top institutional investors including Cathie Wood of ARK and Pantera, highlighting its strategic significance and future growth potential in the crypto asset space.
See More
NYSE BUY SIDE ORDER IMBALANCE REACHES 434,468 SHARES
- Market Overview: The NYSE order imbalance indicates a significant discrepancy in buy and sell orders, with a notable figure of 434,468 shares on the buy side.
- Implications for Trading: Such an imbalance can lead to increased volatility and may affect stock prices as traders react to the demand and supply dynamics.
See More
U.S. Stock Indices Start Strong, Led by Notable Gains in Cryptocurrency Stocks; MSTR Up 8.21%.
US Stock Market Performance: At the opening of the US stock market, the Dow dropped by 1.07%, while the S&P 500 increased by 0.66% and the Nasdaq rose by 0.87%.
Cryptocurrency-Related Stocks: Several cryptocurrency-related stocks saw significant gains, with MSTR rising by 8.21%, COIN by 3.00%, CRCL by 1.37%, SBET by 2.84%, and BMNR by 4.32%.
See More
Eightco Emerges as Largest Disclosed Worldcoin Holder Ahead of World Lift Off Event
- Leading Token Holdings: Eightco holds 277 million Worldcoin (WLD) tokens, approximately 9% of the circulating supply, making it the largest publicly disclosed institutional holder, thereby solidifying its leadership in the digital identity space.
- Diverse Investment Portfolio: As of April 16, 2026, Eightco's treasury includes $90 million in OpenAI equity and $25 million in Beast Industries equity, showcasing its strong positioning in artificial intelligence and the creator economy, which is expected to drive future growth.
- Upcoming Event Participation: Eightco's executive team will attend the World Lift Off event on April 17, 2026, which is anticipated to attract significant attention, further enhancing the company's importance in the Proof-of-Human infrastructure.
- Market Trend Alignment: Eightco is strategically positioned around three mega-trends: artificial intelligence, digital identity, and the creator economy, which are expected to provide robust momentum for the company's innovation over the next decade, especially as AI and digital identity become increasingly critical.
See More
Bitmine Immersion's Massive Ethereum Accumulation Strategy
- Ethereum Holdings Surge: As of April 19, 2026, Bitmine Immersion holds approximately 4.98 million Ethereum at around $2,301 each, establishing itself as one of the largest holders and strategically enhancing its influence in the crypto market.
- Significant Staking Yields: Currently, about 3.33 million Ethereum are staked, accounting for 67% of total holdings, which not only generates steady income for the company but also positions it with a 4.12% share of the total Ethereum supply, solidifying its market presence.
- Rapid Accumulation Trend: In the past week alone, Bitmine Immersion added approximately 101.6K Ethereum, marking one of the fastest accumulation rates since December 2025, indicating the company's confidence in a potential crypto market recovery that could yield higher returns in the future.
- Poor Market Reaction: Despite Ethereum's price rising about 7%, Bitmine Immersion's stock has declined approximately 4% to $22.08, raising concerns about the company's future performance and potentially affecting investor confidence.
See More
Bitmine Holds 497.6 Million ETH, Expands Institutional Staking
- Significant ETH Holdings: Bitmine's ETH holdings have reached 49.76 million tokens, accounting for approximately 4.12% of the total supply, which solidifies the company's position in the cryptocurrency market and enhances confidence in its long-term investment strategy.
- Liquidity and Trading Volume: Bitmine's stock averages $1.2 billion in daily trading volume in the U.S. market, ranking 80th, indicating high investor interest and liquidity, which further attracts institutional participation.
- Revenue Growth Potential: With a total of 3,334,637 ETH staked on the MAVAN platform, Bitmine anticipates annualized staking rewards of $330 million, which not only boosts the company's revenue potential but also increases its appeal among institutional investors.
- Optimistic Market Outlook: As ETH has risen 41% since February, CEO Thomas Lee believes the
See More
Bitmine Acquires Over 4% of Total Ethereum Supply
- Ethereum Holdings Surge: Bitmine has acquired over 4% of the total Ethereum supply, totaling 4,976,485 ETH valued at approximately $7.7 billion, demonstrating the company's robust investment capability in the crypto market within just nine months.
- Strong Uplisting Performance: Bitmine successfully uplisted to the New York Stock Exchange from NYSE American on April 9, 2026, becoming the 80th most traded stock in the US with an average daily trading volume of $1.2 billion, reflecting high market recognition of its growth potential.
- Launch of MAVAN Platform: The introduction of MAVAN (Made in America Validator Network) focuses on providing efficient Ethereum staking services for institutional investors, with projected annual rewards of $330 million, further solidifying Bitmine's leadership in the Ethereum staking market.
- Institutional Investor Backing: Bitmine is supported by top institutional investors including Cathie Wood of ARK and Pantera, highlighting its strategic significance and future growth potential in the crypto asset space.
See More
NYSE BUY SIDE ORDER IMBALANCE REACHES 434,468 SHARES
- Market Overview: The NYSE order imbalance indicates a significant discrepancy in buy and sell orders, with a notable figure of 434,468 shares on the buy side.
- Implications for Trading: Such an imbalance can lead to increased volatility and may affect stock prices as traders react to the demand and supply dynamics.
See More
U.S. Stock Indices Start Strong, Led by Notable Gains in Cryptocurrency Stocks; MSTR Up 8.21%.
US Stock Market Performance: At the opening of the US stock market, the Dow dropped by 1.07%, while the S&P 500 increased by 0.66% and the Nasdaq rose by 0.87%.
Cryptocurrency-Related Stocks: Several cryptocurrency-related stocks saw significant gains, with MSTR rising by 8.21%, COIN by 3.00%, CRCL by 1.37%, SBET by 2.84%, and BMNR by 4.32%.
See More
Eightco Emerges as Largest Disclosed Worldcoin Holder Ahead of World Lift Off Event
- Leading Token Holdings: Eightco holds 277 million Worldcoin (WLD) tokens, approximately 9% of the circulating supply, making it the largest publicly disclosed institutional holder, thereby solidifying its leadership in the digital identity space.
- Diverse Investment Portfolio: As of April 16, 2026, Eightco's treasury includes $90 million in OpenAI equity and $25 million in Beast Industries equity, showcasing its strong positioning in artificial intelligence and the creator economy, which is expected to drive future growth.
- Upcoming Event Participation: Eightco's executive team will attend the World Lift Off event on April 17, 2026, which is anticipated to attract significant attention, further enhancing the company's importance in the Proof-of-Human infrastructure.
- Market Trend Alignment: Eightco is strategically positioned around three mega-trends: artificial intelligence, digital identity, and the creator economy, which are expected to provide robust momentum for the company's innovation over the next decade, especially as AI and digital identity become increasingly critical.
See More
