BMNR jumps after $11.8B holdings update shows 4.875M ETH and $719M cash
BitMine Immersion Technologies (BMNR) is higher after disclosing its crypto, cash and “moonshot” holdings climbed to $11.8 billion as of April 12, 2026. The company said it now holds 4,874,858 ETH (about 4.04% of Ethereum supply) and $719 million in cash.
1. What’s moving the stock today
BitMine Immersion Technologies shares are rising after the company published a fresh balance-sheet style update showing crypto + cash + “moonshot” investments totaling $11.8 billion as of April 12, 2026, including 4,874,858 ETH and $719 million in cash. The update highlights that BitMine’s ETH position represents roughly 4.04% of Ethereum’s circulating supply, reinforcing BMNR’s identity as a leveraged public-market proxy for large-scale Ethereum exposure and staking economics. (stocktitan.net)
2. Key numbers investors are reacting to
The company said total staked ETH is 3,334,637 (valued at about $7.4 billion at $2,206/ETH) and cited annualized staking revenues of about $212 million based on its current staking base. In addition to ETH and cash, BitMine reported holdings that include 198 BTC and equity stakes it classifies as “moonshots,” including a stake in Beast Industries and a stake in Eightco Holdings. (stocktitan.net)
3. Why the update matters now
A holdings print of this size can quickly reset investor expectations for net asset value, liquidity, and the durability of BitMine’s treasury strategy—especially when paired with its push to scale staking infrastructure. The company is also fresh off its NYSE uplisting (effective April 9, 2026), a change that can broaden the addressable investor base and tighten spreads for momentum-driven flows when crypto-linked catalysts hit. (stocktitan.net)