Bitmine Immersion Technologies Stock Jumps As Ethereum Spikes

BitMine Immersion (AMEX:BMNR) sees surge as Ethereum rises and company grows crypto treasury

Mar. 2, 2026 at 2:39pm

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Bitmine Immersion Technologies Inc (NYSE:BMNR) shares are trading higher Monday morning as investors respond to Ethereum's (CRYPTO: ETH) move higher and the company's growing crypto treasury, which now totals about $9.9 billion including 4.474 million ETH tokens, 195 Bitcoin, and $868 million in cash.

Why it matters

Bitmine Immersion Technologies is positioning itself as a leading Ethereum treasury, using excess mining cash flow to accumulate Ethereum and other digital assets long-term. The company's growing crypto holdings and staking activities are seen as a way to capitalize on the rise of Ethereum and other cryptocurrencies.

The details

Ethereum jumped about 6% Monday morning, trading near $2,060, lifting sentiment across Ethereum-linked stocks like Bitmine Immersion. As of March 1, Bitmine had staked around 3.04 million ETH, representing about $6 billion at $1,976 per token and giving the company control of 3.71% of the circulating ETH supply. Bitmine is targeting "the alchemy of 5%," or ownership of 5% of Ethereum's supply, and plans to roll out its MAVAN institutional staking platform in early 2026.

  • Bitmine Immersion said on Monday that its combined crypto, cash and "moonshot" investments now total about $9.9 billion.
  • As of March 1, roughly 3.04 million ETH were staked, representing about $6 billion at $1,976 per token.

The players

Bitmine Immersion Technologies Inc

An Ethereum network company that uses excess mining cash flow to build what it calls the world's leading Ethereum treasury, focused on long-term digital-asset accumulation and staking yields.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

Bitmine Immersion's growing crypto treasury and staking activities position the company to capitalize on the rise of Ethereum and other cryptocurrencies, as it aims to control an increasing share of the circulating Ethereum supply.