Core Insights - Bitmine Immersion Technologies has achieved a significant milestone by controlling 3.37% of the total Ethereum token supply, with a goal to acquire 5% referred to as the "Alchemy of 5%" [1] Group 1: Holdings and Financials - As of December 21, Bitmine holds 4,066,062 ETH valued at approximately $2,991 per token, along with 193 Bitcoin and $1.0 billion in cash, leading to total holdings of $13.2 billion [2] - Bitmine's ETH accumulation has accelerated, adding 98,852 ETH in the past week, surpassing the 4 million ETH threshold just 5.5 months after starting its strategy [3] Group 2: Market Position and Trading Activity - Bitmine is the world's largest ETH treasury holder, with Ethereum's circulating supply at roughly 120.7 million tokens [2] - BMNR stock is the 66th most traded stock in the U.S., with an average daily trading volume of $1.7 billion over the past five days [5] Group 3: Institutional Support and Future Plans - Bitmine is backed by notable institutional investors, including ARK Invest's Cathie Wood and Pantera Capital, among others [6] - The company is advancing its "Made in America Validator Network" (MAVAN), a secure staking infrastructure platform expected to launch in early 2026 [7] - An annual stockholders meeting is scheduled for January 15, 2026, at Wynn Las Vegas, where the company will outline its ETH-centric strategy [8]

Core Viewpoint - The cryptocurrency sector in the US stock market continues to rise, driven by significant increases in Bitcoin and Ethereum prices [1] Group 1: Stock Performance - Hut 8 (HUT.US) increased by nearly 12% [1] - IREN (IREN.US) rose over 7% [1] - Circle (CRCL.US) gained more than 3% [1] - Coinbase (COIN.US) and BitMine Immersion (BMNR.US) both saw an increase of nearly 3% [1] - Robinhood (HOOD.US) experienced a rise of over 2% [1] Group 2: Cryptocurrency Price Movements - Bitcoin surged by 2%, surpassing $90,000 [1] - Ethereum increased by 2.5%, exceeding $3,000 [1]

Core Insights - Bitmine now holds 3.37% of the total ETH token supply, which amounts to 4.066 million ETH tokens, as part of its strategy to reach 5% ownership of ETH [1][2][3] - The company's total assets, including crypto holdings and cash, are valued at $13.2 billion, with $1.0 billion in cash and additional investments in other cryptocurrencies [1][2] - Bitmine is recognized as the largest ETH treasury globally and the second-largest treasury overall, following Strategy Inc. [3] Company Holdings - As of December 21, 2025, Bitmine's crypto portfolio includes 4,066,062 ETH valued at $2,991 per ETH, 193 Bitcoin, and a $32 million stake in Eightco Holdings [2] - The company has added 98,852 ETH in the past week, surpassing the significant milestone of 4 million ETH tokens [3] Trading and Market Position - Bitmine is the 66th most traded stock in the US, with an average daily trading volume of $1.7 billion [1][6] - The company is supported by prominent institutional investors, including ARK's Cathie Wood and others, which bolsters its market position [1] Future Plans - Bitmine plans to launch its staking solution, The Made in America Validator Network (MAVAN), in early 2026, aiming to provide secure staking infrastructure [4] - The company will hold its annual stockholders meeting on January 15, 2026, at the Wynn Las Vegas, encouraging stockholder participation [7][11]

Core Insights - Jim Cramer expressed skepticism about Bitmine Immersion Technologies, Inc. (NYSE:BMNR), indicating that it is part of a "year of magical investing" that he believes is over, advising investors to avoid it [1] - Bitmine focuses on blockchain-related activities, including digital asset treasury management, advisory services, and mining equipment leasing and sales [1] - Cramer referenced a detailed analysis by his colleague regarding the company's share value, ultimately advising against investing in BMNR [1] Company Overview - Bitmine Immersion Technologies, Inc. is involved in the bitcoin ecosystem, providing services related to digital assets and mining equipment [1] - The company is positioned within the blockchain sector, which has seen fluctuating investor interest [1] Investment Perspective - While acknowledging the potential of BMNR, the analysis suggests that certain AI stocks may offer better upside potential and lower downside risk [1]

Company Overview - Bitmine Immersion Technologies focuses on Bitcoin and Ethereum accumulation for long-term investment, utilizing both Bitcoin mining operations and capital raising transactions [4] - The company operates in low-cost energy regions, specifically Trinidad, Pecos, Texas, and Silverton, Texas [4] Annual Meeting Details - The Annual Meeting for stockholders is scheduled for January 15, 2026, at Wynn Las Vegas, from 12:00 PM to 3:00 PM PST [3] - Key agenda items include the election of eight directors, approval of a charter amendment to increase authorized shares, approval of the 2025 Omnibus Incentive Plan, and a non-binding advisory vote on the executive chairman's compensation [2][3] Shareholder Engagement - Stockholders can attend the meeting in person or vote by proxy through mail, telephone, or internet, with voting facilities closing at 11:59 PM Eastern Time on January 14, 2026 [3] - Registration for in-person attendance must be completed by January 13, 2026 [3] Institutional Support - Bitmine is backed by a notable group of institutional investors, including ARK's Cathie Wood, Founders Fund, and Pantera, among others, to support its goal of acquiring 5% of Ethereum (ETH) [1]

Editor's note: Seeking Alpha is proud to welcome Thomas Carroll as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access.My investing approach is very simple. I look at investments like tools with each one having different characteristics, capabilities, and risks. Nassim Taleb said something along the lines of "Don't tell me what you think. Tell me what is in ...

Key Points Many investors were giving cryptocurrencies and related assets the cold shoulder over the past few days. Bitmine couldn't buck that trend, as it's a top holder of Ethereum. 10 stocks we like better than Bitmine Immersion Technologies › As stock investors, we are all aware that most equities eventually obey the law of gravity. Sure enough, after a brief bull run, Bitmine Immersion Technologies (NYSEMKT: BMNR) saw its shares plunge underwater this week. According to data compiled by S&P Gl ...

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential investment opportunities before the market opens [1] Premarket Gainers - WhiteFiber, Inc. (WYFI) is up 21% at $17.35 [3] - Rising Dragon Acquisition Corp. (RDAC) is up 21% at $12.63 [3] - Julong Holding Limited (JLHL) is up 13% at $3.45 [3] - Linkhome Holdings Inc. (LHAI) is up 11% at $12.50 [3] - A SPAC III Acquisition Corp. (ASPC) is up 9% at $13.09 [3] - Intuitive Machines, Inc. (LUNR) is up 7% at $11.61 [3] - Ascent Solar Technologies, Inc. (ASTI) is up 7% at $3.31 [3] - Bitmine Immersion Technologies, Inc. (BMNR) is up 6% at $30.39 [3] - Velo3D, Inc. (VELO) is up 5% at $12.10 [3] - Gain Therapeutics, Inc. (GANX) is up 4% at $2.36 [3] Premarket Losers - cbdMD, Inc. (YCBD) is down 17% at $1.60 [4] - Mega Fortune Company Limited (MGRT) is down 16% at $7.33 [4] - Cassava Sciences, Inc. (SAVA) is down 14% at $2.43 [4] - NIKE, Inc. (NKE) is down 10% at $59.01 [4] - InMed Pharmaceuticals Inc. (INM) is down 6% at $1.21 [4] - Datacentrex, Inc. (DTCX) is down 5% at $3.23 [4] - Abundia Global Impact Group Inc (AGIG) is down 5% at $1.50 [4] - PSQ Holdings, Inc. (PSQH) is down 5% at $1.00 [4] - Paranovus Entertainment Technology Ltd. (PAVS) is down 4% at $2.34 [4] - Worksport Ltd. (WKSP) is down 4% at $2.09 [4]

Core Viewpoint - BitMine's aggressive Ethereum strategy is facing scrutiny as unrealized losses mount, leading to a decline in stock performance, yet influential investors are increasing their positions in Ethereum, indicating a divide in sentiment regarding its value and future potential [2][3][5]. Group 1: Stock Performance - BitMine's stock (BMNR) has experienced a significant decline, closing at $29.32, down 6.59% for the day and approximately 24% over the past five days [2]. - The stock's performance reflects broader market weakness and growing concerns over BitMine's unrealized losses on its Ethereum holdings [3]. Group 2: Investor Activity - Tom Lee, Chairman of BitMine, has continued to accumulate Ethereum, recently purchasing $140 million worth, indicating confidence in the asset despite market pressures [4]. - Ark Invest, led by Cathie Wood, has also shown strong conviction by purchasing $10.56 million in BitMine shares on Wednesday, following an earlier $17 million purchase, totaling nearly $28 million in recent acquisitions [5][6]. Group 3: Market Sentiment - There is a notable divide in sentiment regarding Ethereum's role in institutional treasury strategies, with some influential investors doubling down on their positions despite the current market challenges [3][5]. - BitMine maintains its thesis that Ethereum is structurally undervalued and poised for growth with regulatory clarity and increased institutional adoption [5].

ARK Invest added a further $25.4 million of crypto stocks on Wednesday as the shares slid along with the price of major cryptocurrencies. Cathie Wood's investment management firm bought 360,232 shares in ether (ETH) treasury company Bitmine Immersion Technologies (BMNR), worth $10.6 million at the close. BMNR fell over 6.5% to $29.32 on Wednesday. ARK also added $8.85 million worth of shares of crypto exchange Bullish (BLSH) and $5.91 million worth of Coinbase (COIN). Bullish fell 1.93% to $42.15 and CO ...