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Bitmine Stock Soars as Ethereum Treasury Reaches $16B Milestone

Guavy AI Editorial Team
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ETH
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Bitmine Immersion Technologies (NYSE: BMNR) shares rose over 6% on Monday after revealing its Ethereum treasury had grown to 5.98 million ETH, a significant increase in its digital-asset holdings.

The company's $16-billion Ethereum stash now accounts for about 5% of the total ETH supply, underscoring its massive corporate exposure.

Bitmine's aggressive accumulation strategy has seen it add over 27,000 ETH to its treasury since June 2025, with a large portion staked to generate revenue.

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