The latest update is out from BitMine Immersion Technologies ( (BMNR) ).
As of June 21, 2026, Bitmine reported total crypto, cash, marketable securities and so‑called “moonshot” investments of $10.7 billion, including 5.67 million ETH—about 4.7% of the token’s 120.7 million supply—205 Bitcoin, $601 million in cash and securities, and stakes in Beast Industries and Eightco Holdings. The company said 4.72 million ETH is already staked, mainly via its MAVAN platform, generating an annualized 2.73% yield and projected annualized staking revenues of $223 million, cementing Bitmine’s status as the world’s largest Ethereum treasury and the No. 2 global crypto treasury behind Strategy Inc.
Bitmine closed a June 10, 2026 offering of 3.5 million shares of 9.50% Series A Perpetual Preferred Stock at $80 per share, raising about $273.8 million in net proceeds and listing the securities on the NYSE under the symbol BMNP. The board also declared seven weekly cash dividends of $0.1847 per share on the Series A preferred, payable between July 17 and August 28, 2026, while highlighting Bitmine’s inclusion in Fortune’s 2026 Crypto 100 ranking and sustained ETH accumulation as it pushes toward owning 5% of the Ethereum supply.
The most recent analyst rating on (BMNR) stock is a Buy
with a $33.00 price target.
To see the full list of analyst forecasts on BitMine Immersion Technologies stock,
see the BMNR Stock Forecast page.
Spark’s Take on BMNR Stock
According to Spark, TipRanks’ AI Analyst, BMNR is a Neutral.
The score is held down primarily by weak financial performance (large losses and negative cash flow) and a bearish technical setup (below major moving averages with negative MACD). Positive corporate developments and a relatively high dividend yield provide partial support but do not fully offset the current profitability and trend risks.
To see Spark’s full report on BMNR stock,
click here.
More about BitMine Immersion Technologies
Bitmine Immersion Technologies, Inc. is a U.S.-based Bitcoin miner and Ethereum network company listed on the NYSE under the ticker BMNR, focused on accumulating crypto assets for long-term investment and positioning itself as a leading Ethereum treasury vehicle for institutional and public-market investors. The company is deploying excess capital into ETH as its primary treasury reserve asset and has launched MAVAN, an institutional-grade, Made-in-America validator network to support its own and third-party Ethereum staking activities.
Average Trading Volume: 39,545,627
Technical Sentiment Signal: Sell
Current Market Cap: $9.19B
See more data about BMNR stock on TipRanks’ Stock Analysis page.