BMNR's Tom Lee Predicts Crypto Winter Could Conclude as Oil Risks Reach Their Highest – Bitmine Increases ETH Holdings by Over 70,000
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 30 2026
0mins
Source: stocktwits
Bitmine's Ethereum Acquisition: Bitmine has acquired over 78% of its goal to obtain 5% of Ethereum's total supply, recently adding approximately 71,179 ETH to its holdings, bringing the total to around 4.7 million ETH.
Market Trends and Predictions: Chairman Tom Lee indicated that the cryptocurrency market is nearing the end of a "mini-crypto winter," with rising oil prices being a significant factor influencing market dynamics.
Stock Performance: Shares of Bitmine rose nearly 5% following the announcement of its Ethereum holdings, while the overall sentiment in the cryptocurrency market remains cautious, with retail sentiment shifting to a neutral stance.
Company Valuation and Future Plans: Bitmine's balance sheet is valued at $10.7 billion, including significant stakes in Bitcoin and Ethereum, and the company is set to launch the largest Ethereum staking network globally, named Made in America Validator Network (MAVAN).
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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: 16.210
Low
39.00
Averages
43.00
High
47.00
Current: 16.210
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.
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See More
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- Active Stocks: UTStarcom Holdings Corp (UTSI) increased by $0.94 to $3.90 with a trading volume of 14,956,919 shares, suggesting growing market confidence in its future performance.
- Tech Stock Dynamics: Space Exploration Technologies Corp (SPCX) rose by $3.90 to $205.70, with a trading volume of 9,018,270 shares, marking a 52-week high and reflecting sustained investor interest in the space exploration sector.
- Analyst Ratings: Nokia Corporation (NOK) increased by $0.36 to $14.34, with a trading volume of 5,356,333 shares, and the current mean recommendation is in the 'buy range', indicating analysts' optimistic outlook on its future growth.
See More
Bitmine Achieves 5% ETH Target and Lists Preferred Shares
- Significant ETH Holdings: Bitmine currently holds 4.66% of the total ETH supply, approximately 120.7 million ETH, demonstrating its strong position in the cryptocurrency market and is expected to further enhance the company's influence in the blockchain sector.
- Successful Financing: On June 10, 2026, Bitmine successfully issued 3.5 million shares of 9.50% preferred stock, raising approximately $273.8 million, which is expected to enhance the company's financial flexibility and support its long-term investment strategy.
- Market Recognition: Bitmine has been listed in the 2026 Fortune Crypto 100, reflecting its influence and market recognition in the blockchain industry, which may attract more investor attention.
- Strong Liquidity: Bitmine's stock has an average daily trading volume of $550 million in the U.S. market, ranking 203rd, indicating its active presence among investors and market confidence, further solidifying its position as a major crypto asset holder.
See More
Bitmine Completes 3.5 Million Shares of Preferred Stock Offering
- Significant ETH Holdings: Bitmine currently holds 4.66% of the total ETH supply, approximately 5,620,754 ETH, valued at $8.1 billion at current prices, positioning it as a key player in the global ETH market and reinforcing its status as the leading Ethereum treasury.
- Successful Preferred Stock Offering: On June 10, 2026, Bitmine completed the issuance of 3.5 million shares of 9.50% Series A Preferred Stock, generating a net revenue of approximately $273.8 million, which provides robust financial support and enhances the diversity of its capital structure.
- Active Market Trading: Bitmine's stock is actively traded in the U.S. market with an average daily trading volume of $550 million, ranking 203rd among U.S. exchanges, reflecting strong investor confidence in its future growth potential.
- Strategic Investment and Returns: Bitmine anticipates annual ETH staking revenues of $269 million, which will provide a stable cash flow for dividend payments on its preferred stock, demonstrating the company's strong profitability and sustainable growth strategy in the digital asset space.
See More
ARKK Sells Shares of BitMine and Other Stocks
- BitMine Sell-off: ARKK sold 124,168 shares of BitMine Immersion Technologies on Monday, valued at approximately $2 million, indicating a weakening confidence in the stock despite previous consistent buying since mid-2025.
- Largest Cut on Roku: Roku experienced the largest cut at 1.14%, with 665,136 shares sold, reflecting ARKK's strategic adjustment in its holdings amidst a challenging market.
- Overall Selling Trend: The ARK Innovation ETF reported only sales on Monday without any purchases, showcasing ARK Invest's cautious stance in the current market environment, particularly as tech stocks face pressure.
- BitMine Price Decline: BitMine's stock has plummeted from a 52-week high of $161 to around $17, down over 38% this year, highlighting the volatility in the cryptocurrency market and shifts in investor sentiment.
See More
Bitmine Reports 2026 Financials and Strategic Developments
- Significant ETH Holdings: Bitmine currently holds 4,718,677 ETH valued at $8.1 billion, representing 4.66% of the total ETH supply, positioning it as a leader in global ETH reserves and enhancing its market influence.
- Successful Preferred Stock Offering: On June 10, 2026, Bitmine completed the issuance of 3.5 million shares of 9.50% Series A preferred stock, generating a net proceeds of approximately $273.8 million, which supports the diversification of its capital structure and enhances future investment capabilities.
- Strong Market Support: Bitmine's stock trades at an average daily volume of $550 million, ranking 203rd in the U.S. market, indicating robust demand among investors and further solidifying its position in the cryptocurrency sector.
- Strategic Investments and Revenue Outlook: The company anticipates annualized staking revenues of $226 million, and with the launch of the MAVAN platform, Bitmine plans to expand its staking services to attract more institutional investors, thereby driving long-term growth.
See More
NASDAQ 100 Pre-Market Update
- Market Performance: The NASDAQ 100 Pre-Market Indicator is down 51.76 points to 30,492.16, indicating cautious market sentiment that may influence short-term investor decisions.
- Active Stocks: Space Exploration Technologies Corp. (SPCX) is up 8.61 points to $201.11 with a trading volume of 23,830,823 shares, marking a 52-week high that suggests optimistic market expectations for future growth.
- Target Price Analysis: Rackspace Technology, Inc. (RXT) is currently trading at $7.51, which is 150.17% above its target price of $5, indicating a reassessment of its value by the market that could attract more investor attention.
- ETF Performance: Vanguard Total International Stock ETF (VXUS) is up 0.52 points to $87.50, representing a 32.07% increase from its 52-week low, reflecting a recovery trend in international markets that may draw in funds seeking diversification.
See More
