BitMine Immersion Shares Jump 7.8% Following $9.9B Crypto Treasury Reveal
BitMine Immersion Technologies reported a $9.9 billion crypto treasury comprising 4.474 million ETH, 195 BTC and $868 million cash, with 3.04 million ETH staked, representing about 3.71% of Ethereum supply, as it targets 5% ownership. Its shares jumped 7.8% Wednesday while average daily trading volume nears $800 million.
1. Crypto Treasury Growth
BitMine now holds a $9.9 billion portfolio of digital assets, including 4.474 million ETH tokens, 195 Bitcoin and $868 million in cash, reflecting aggressive accumulation of cryptocurrencies and strategic cash reserves.
2. Ethereum Staking Strategy
As of March 1, the company has staked 3.04 million ETH—about 3.71% of Ethereum’s circulating supply—and aims to reach 5% ownership while preparing to launch its MAVAN institutional staking platform in early 2026.
3. Trading Activity
BitMine’s shares have surged into one of the market’s most actively traded names, with average daily volume approaching $800 million, placing it among the top 150 U.S. stocks by liquidity and highlighting strong investor demand.
4. Share Price Movement
Shares rallied 7.8% on Wednesday, extending volatility after a mid-2025 peak near $135; the stock has since oscillated between $30 and $60, with short-term moving averages rolling over against an upward-sloping 200-day trend.