--- title: "Bitmine Immersion Stock Moves Higher as Ethereum and Bitcoin Rally" type: "News" locale: "en" url: "https://longbridge.com/en/news/296496950.md" description: "Bitmine Immersion Technologies (BMNR) shares rose 7.86% in premarket trading, driven by rising Bitcoin and Ethereum prices. The company's crypto-heavy balance sheet benefits from this momentum, with Executive Chairman Tom Lee highlighting an $11.4 billion treasury and progress toward acquiring 5% of the global Ethereum supply." datetime: "2026-08-20T12:56:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296496950.md) - [en](https://longbridge.com/en/news/296496950.md) - [zh-HK](https://longbridge.com/zh-HK/news/296496950.md) generator: "portal-rs" --- # Bitmine Immersion Stock Moves Higher as Ethereum and Bitcoin Rally Shares of **Bitmine Immersion Technologies Inc**. (NYSE:BMNR) are gaining on Thursday morning, trading higher as major digital assets extend their upward momentum. - BitMine Immersion shares are powering higher. Why are BMNR shares rallying? ## **Crypto Treasury Value Expands On Price Momentum** The stock’s strength comes as **Bitcoin** (CRYPTO: BTC) trades near $68,100 and **Ethereum** (CRYPTO: ETH) pushes past $2,290, directly boosting the net asset value of Bitmine’s crypto-heavy balance sheet. ## **Management Update Highlights $11.4 Billion Treasury** Building on market tailwinds, management released an update on August 17 detailing the company’s vast digital asset reserves. Executive Chairman **Tom Lee** stated, “Bitmine crypto + total cash & marketable securities + ‘moonshots’ holdings total $11.4 billion, including 5.82 million ETH tokens…” Addressing the company’s progress toward acquiring 5% of the global Ethereum supply, an initiative dubbed the ‘Alchemy of 5%’, Executive Chairman Tom Lee noted that “Bitmine owns 4.8% of the total ETH coin supply of 120.7 million. Bitmine is 96% of the way to the ‘Alchemy of 5%’ in just 14 months.” With over 5 million ETH actively staked to generate recurring yield, Bitmine offers investors high-beta equity exposure to this week’s Ethereum rally. ## BMNR Shares Surge Thursday Morning **BMNR Price Action:** BitMine Immersion shares were up 7.86% at $21.82 during premarket trading on Thursday, according to Benzinga Pro data. **Read Also: Stock Market Today: Dow Jones, S&P 500 Futures Fall as Trump Launches 'Operation Economic Fury' on Iran— BULL, WMT, MRK Stock in Focus** *Image: Shutterstock* ### Related Stocks - [BMNR.US](https://longbridge.com/en/quote/BMNR.US.md) - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [ETHE.US](https://longbridge.com/en/quote/ETHE.US.md) - [ETH.US](https://longbridge.com/en/quote/ETH.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [QETH.US](https://longbridge.com/en/quote/QETH.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [EZET.US](https://longbridge.com/en/quote/EZET.US.md) - [FETH.US](https://longbridge.com/en/quote/FETH.US.md) - [CETH.US](https://longbridge.com/en/quote/CETH.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [ETHV.US](https://longbridge.com/en/quote/ETHV.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [ETHA.US](https://longbridge.com/en/quote/ETHA.US.md) - [BMNU.US](https://longbridge.com/en/quote/BMNU.US.md) - [BMNG.US](https://longbridge.com/en/quote/BMNG.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [ETHW.US](https://longbridge.com/en/quote/ETHW.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [ETHT.US](https://longbridge.com/en/quote/ETHT.US.md) - [ETHU.US](https://longbridge.com/en/quote/ETHU.US.md) - [ETU.US](https://longbridge.com/en/quote/ETU.US.md) - [ETHD.US](https://longbridge.com/en/quote/ETHD.US.md) - [ETQ.US](https://longbridge.com/en/quote/ETQ.US.md) - [SETH.US](https://longbridge.com/en/quote/SETH.US.md) - [YETH.US](https://longbridge.com/en/quote/YETH.US.md) - [BMNZ.US](https://longbridge.com/en/quote/BMNZ.US.md) - [YBMN.US](https://longbridge.com/en/quote/YBMN.US.md) - [03008.HK](https://longbridge.com/en/quote/03008.HK.md) - [03042.HK](https://longbridge.com/en/quote/03042.HK.md) - [03430.HK](https://longbridge.com/en/quote/03430.HK.md) - [BTCE.DE](https://longbridge.com/en/quote/BTCE.DE.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [WMT.US](https://longbridge.com/en/quote/WMT.US.md) - [MRK.US](https://longbridge.com/en/quote/MRK.US.md) - [BMNRD.US](https://longbridge.com/en/quote/BMNRD.US.md) ## Related News & Research - [Amboss Opens Affiliate Program: Earn Recurring Bitcoin Commissions by Growing Bitcoin Payments](https://longbridge.com/en/news/296124824.md) - [EX DeFi Announces AI-Driven Digital Asset Infrastructure Platform Supporting BTC, ETH and XRP](https://longbridge.com/en/news/296110726.md) - [Fundstrat Sees 30% Swing In Bitcoin’s Price](https://longbridge.com/en/news/296239209.md) - [Aligned Launches $ALIGN, the Native Token of Its Full Ethereum Stack](https://longbridge.com/en/news/296619468.md) - [SEC Opens Comment Period On Cboe 3x Bitcoin And Ethereum ETF Proposal](https://longbridge.com/en/news/296643740.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**