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Why Is BitMine Immersion Stock Gaining Monday? - BitMine Immersion (AMEX:BMNR)

The company said 3.98% of ether supply is now in its treasury, while annualized staking revenue reached $196 million.

  • On Thursday, April 9, 2026, Bitmine Immersion Technologies will commence trading on the New York Stock Exchange after uplisting from NYSE American, managing $11.4 billion in total crypto and cash holdings.
  • Bitmine is executing its "alchemy of 5%" strategy to accumulate 5% of the total Ethereum supply, currently holding 3.98% of the 120.7 million ETH circulating supply.
  • The company launched MAVAN on Monday to manage staking operations, with 3.33 million ETH now staked through the platform generating $196 million in annualized revenue.
  • Chairman Thomas "Tom" Lee stated that ETH acts as a "wartime store of value," noting it gained 6.8% since the Iran conflict began, outperforming the S&P 500 by 1,130 basis points.
  • Backed by institutional investors including ARK Invest and Founders Fund, Bitmine ranks as the 96th most traded U.S. stock, averaging $987 million in daily trading volume.
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Block Telegraph broke the news in on Monday, April 6, 2026.
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