Bitmine Immersion (BMNR) Close To Reaching 5% Ethereum Ownership Milestone
Key takeaways
- Bitmine Immersion (BMNR) Close To Reaching 5% Ethereum Ownership Milestone Jabran Kundi Fri, July 3, 2026 at 8:41 PM GMT+7 2 min read BMNR BTC-USD ETH-USD Bitmine Immersion Technologies Inc.
- Earlier on June 15, BMNR announced that its combined crypto holdings, cash, marketable securities, and moonshot assets reached $10.4 billion.
- Thomas Lee, Chairman of Bitmine, commented:
Bitmine Immersion (BMNR) Close To Reaching 5% Ethereum Ownership Milestone Jabran Kundi Fri, July 3, 2026 at 8:41 PM GMT+7 2 min read BMNR BTC-USD ETH-USD Bitmine Immersion Technologies Inc. (NYSE:BMNR) is one of the 8 Hidden Multibagger Stocks to Buy Now. On June 19, Bitmine Immersion Technologies Inc. (NYSE:BMNR) announced that it has declared a cash dividend of $0.1056 per share for holders of its 9.5% Series A Preferred Stock. The dividend will be paid in cash on July 10, 2026, to shareholders. This announcement reflects the company's commitment to returning capital to its preferred shareholders. BMNR is expanding bitcoin mining into Ethereum treasury operations and staking infrastructure. Moreover, with the volatility and regulatory uncertainty surrounding digital asset markets, the company believes it is stable and can manage risk well.
Earlier on June 15, BMNR announced that its combined crypto holdings, cash, marketable securities, and moonshot assets reached $10.4 billion. As the company is shifting towards the Ethereum treasury, it now holds 5.62 million Ethereum worth approximately $9.7 billion. According to Chairman Tom Lee, Bitmine is now 93% of the way toward its goal of acquiring 5% of all Ethereum. He noted that AI systems that operate independently are creating more demand for neutral public blockchains like ETH.
Thomas Lee, Chairman of Bitmine, commented: