---
title: "Bitmine Immersion stock pain not over: Will $11.6B ETH treasury revive sentiment?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286779818.md"
description: "Bitmine Immersion Technologies (BMNR) stock fell 2% to $195.87, down 7.28% weekly and 26.81% YTD. The company holds 5.28M ETH valued at $11.6B, representing 4.37% of Ethereum's supply. Total assets amount to $12.6B, including Bitcoin and cash. Bitmine aims to own 5% of all ETH supply, supported by major investors."
datetime: "2026-05-18T13:29:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286779818.md)
  - [en](https://longbridge.com/en/news/286779818.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286779818.md)
---

# Bitmine Immersion stock pain not over: Will $11.6B ETH treasury revive sentiment?

Bitmine Immersion Technologies (BMNR) stock fell 2% in pre-market trading to $195.87 even as the company continued aggressively buying Ethereum (ETH). The stock is now down 7.28% over the past week and has dropped 26.81% on a YTD basis, while the S&P 500 has gained 8.28% during the same period. The company recently bought another 71.67K ETH after t...

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