BitMine Adds Another $136 Million of Ether After Raising $274 Million in Preferred Stock Sale
- Bitmine Immersion Technologies, Inc. acquired 76,881 ETH worth roughly $136 million over the past week, lifting its total treasury to 5.62 million tokens following a $274 million preferred equity offering with 9.5% annualized dividend.
- Guided by its "Alchemy of 5%" initiative, the company leverages native staking through the Made-in America VAlidator Network to expand reserves. The firm currently holds 4.7 million staked ETH, representing over 83% of total holdings.
- On Tuesday, June 16, 2026, the Series A Preferred Stock begins trading on the New York Stock Exchange under ticker BMNP. The board declared a weekly cash dividend of $0.2639 per share, payable July 6, 2026.
- With $10.4 billion in total crypto and investment holdings, Bitmine ranks as the second-largest global treasury behind Strategy Inc., which reportedly holds 845,256 BTC valued at $54 billion.
- Management views current market conditions as strengthening Ethereum fundamentals despite price pullbacks, with Chairman Thomas "Tom" Lee stating the GENIUS Act and SEC Project Crypto rival the 1971 Bretton Woods shift in transformational impact.
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30 Articles
BitMine Adds Another $136 Million of Ether After Raising $274 Million in Preferred Stock Sale
BitMine Immersion Technologies (BMNR), the largest Ethereum-focused treasury company, continued its buying streak after raising fresh capital through a preferred stock sale. The firm acquired 76,881 ether over the past week, worth roughly $136 million at current prices, lifting its treasury to 5.62 million ETH. The company also held 204 bitcoin, $502 million in cash and marketable securities, and stakes in Beast Industries and Eightco Holdings, …
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.62 Million Tokens, and Total Crypto and Total Cash Holdings of $10.4 Billion - BlockTelegraph
Bitmine owns 4.66% of the total ETH coin supply of 120.7 million Bitmine is 93% of the way to the ‘Alchemy of 5%’ in just 11 months Bitmine named to Fortune Crypto 100 list for 2026, a definitive ranking of the most influential companies in blockchain Bitmine closed on its sale of 3,500,000 shares of 9.50% Series A Perpetual Preferred Stock on June 10, 2026 Bitmine’s Series A Preferred Stock will trade on the NYSE under the symbol BMNP beginning…
BitMine (NYSE: BMNR) Preferred Shares Begin Trading As Ethereum Faces Its Worst First Half Since 2022
BitMine Immersion Technologies (NYSE: BMNR) has received approval to list its Class A perpetual preferred shares on the New York Stock Exchange under the ticker “BMNP,” with trading expected to commence on Tuesday, June 16. The preferred shares carry an annualized dividend yield of 9.50%, positioning them as an income-generating instrument tied to the world’s leading Ethereum treasury company. On Sunday, BitMine’s Board of Directors declared an …
BitMine Adds $35.9M In ETH As Treasury Pushes Closer To 5% Target
BitMine has extended its Ethereum accumulation campaign with another 20,000 ETH transfer from FalconX worth approximately $35.85 million. The June 17 movement was directed to a wallet linked to the NYSE-listed company by onchain tracking. The implied acquisition price was about $1,793 per ETH, placing the purchase near the levels where BitMine has continued buying through the latest market weakness. BitMine’s most recent official update placed i…
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