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Why Bitmine Immersion Technologies Stock Is Rising Monday
Benzinga· 2026-03-30 13:56
Group 1 - Bitmine's Ethereum treasury position has expanded, now representing 3.92% of total Ethereum supply, moving towards its "Alchemy of 5%" goal [2] - The company has staked 3,142,643 ETH, valued at approximately $6.3 billion, generating annualized staking revenues of $177 million [3] - The launch of the MAVAN validator network is expected to further scale staking capabilities [3] Group 2 - BMNR shares were trading at $18.57, indicating potential interest from investors as the company's ETH holdings grow [4]