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BitMine Immersion Stock Is Up Today: What's Going On? - BitMine Immersion Techs (AMEX:BMNR)

BitMine holds 3.24 million ETH, representing 2.7% of total supply, and $13.4 billion in assets, backed by institutional investors and trading $2.1 billion daily on average.

  • On Oct. 20, 2025, BitMine Immersion Technologies announced $13.4 billion in combined crypto, cash and "moonshots" holdings, including 3.24 million Ethereum tokens.
  • BitMine says its strategy centers on long-term crypto accumulation through mining and capital transactions, with Lee noting, `BitMine continues to attract institutional investor capital as our high liquidity is appealing.`
  • Holdings disclosed include $219 million unencumbered cash, 192 Bitcoin , and a $119 million stake in Eightco Holdings .
  • Following the announcement, trading metrics indicate BitMine shares reached $54.30 on Monday, with Fundstrat reporting $2.1 billion average daily volume, ranking #33 among US stocks.
  • With a stated aim of 5% of ETH, BitMine is pursuing this target while noting forward-looking statements are subject to risks in its Form 10-K filed April 3, 2025 and SEC filings.
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Benzinga broke the news in New York, United States on Monday, October 20, 2025.
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