--- title: "Bitmine Immersion Technologies Stock Climbs Monday: What's Driving the Action?" type: "News" locale: "en" url: "https://longbridge.com/en/news/296793828.md" description: "Bitmine Immersion Technologies (BMNR) shares rose 3.28% in premarket trading, extending weekly gains of roughly 25%. The surge is driven by the company's $14.9 billion crypto treasury, including 5.85 million Ethereum tokens representing 4.8% of global supply. Management highlighted strong staking revenues and favorable macro factors, such as White House crypto policy support, contributing to the stock's momentum." datetime: "2026-08-24T13:02:45.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296793828.md) - [en](https://longbridge.com/en/news/296793828.md) - [zh-HK](https://longbridge.com/zh-HK/news/296793828.md) generator: "portal-rs" --- # Bitmine Immersion Technologies Stock Climbs Monday: What's Driving the Action? Shares of **Bitmine Immersion Technologies Inc**. (NYSE:BMNR) are trading higher Monday, extending gains of roughly 25% over the trailing week. Here’s what’s driving the move. - BitMine Immersion stock is gaining positive traction. Why is BMNR stock trading higher? ## **Ethereum Treasury and Staking Revenues Drive Momentum** The surge comes after the company announced its total crypto, cash and “moonshot” holdings reached $14.9 billion. As of Sunday, Bitmine holds 5.85 million **Ethereum** (CRYPTO: ETH) tokens valued at $2,440 each, giving it control of 4.8% of the total global ETH circulating supply. The company also highlighted rapid scaling in its native institutional staking platform, the Made in America VAlidator Network. Bitmine currently stakes over 5 million ETH, representing $12.4 billion in assets, and projects annualized staking revenue of $330 million based on a 2.67% 7-day yield. ## **Macro Crypto Surge and Tokenization Tailwinds Support Treasury Strategy** Management attributed the recent upside in crypto equities to strengthening digital asset fundamentals, expanding Wall Street asset tokenization and favorable macro developments, including White House support for crypto policy and Treasury bond buybacks. Chairman **Tom Lee** noted that ETH gained 30% over the past week, its largest weekly increase since May 2025, adding that Bitmine purchased 32,447 ETH in the past week alone as it closes in on its target of holding 5% of the total ETH supply. ## BMNR Shares Edge Higher Monday **BMNR Price Action:** BitMine Immersion shares were up 3.28% at $23.58 during premarket trading on Monday, according to Benzinga Pro data. **Read Also: Stock Market Today: Dow Jones, S&P 500, Nasdaq 100 Futures Slip Ahead of Data-Heavy Week, Nvidia Earnings, and Jackson Hole—BABA, PMI, BIRK in Focus** *Image: Shutterstock* ### Related Stocks - [BMNR.US](https://longbridge.com/en/quote/BMNR.US.md) - [ETHE.US](https://longbridge.com/en/quote/ETHE.US.md) - [EZET.US](https://longbridge.com/en/quote/EZET.US.md) - [ETHW.US](https://longbridge.com/en/quote/ETHW.US.md) - [BMNU.US](https://longbridge.com/en/quote/BMNU.US.md) - [BMNG.US](https://longbridge.com/en/quote/BMNG.US.md) - [FETH.US](https://longbridge.com/en/quote/FETH.US.md) - [ETHV.US](https://longbridge.com/en/quote/ETHV.US.md) - [CETH.US](https://longbridge.com/en/quote/CETH.US.md) - [ETHA.US](https://longbridge.com/en/quote/ETHA.US.md) - [QETH.US](https://longbridge.com/en/quote/QETH.US.md) - [ETH.US](https://longbridge.com/en/quote/ETH.US.md) - [BMNZ.US](https://longbridge.com/en/quote/BMNZ.US.md) - [YBMN.US](https://longbridge.com/en/quote/YBMN.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) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.NDX.US](https://longbridge.com/en/quote/.NDX.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [PM.US](https://longbridge.com/en/quote/PM.US.md) - [BIRK.US](https://longbridge.com/en/quote/BIRK.US.md) - [BMNRD.US](https://longbridge.com/en/quote/BMNRD.US.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md) ## Related News & Research - [Metis to Hold AI Bootcamp Livestream on August 19th](https://longbridge.com/en/news/296136416.md) - [EX DeFi Announces AI-Driven Digital Asset Infrastructure Platform Supporting BTC, ETH and XRP](https://longbridge.com/en/news/296110726.md) - [Mapping the Market: Cryptocurrency ether's technical picture brightens after sharp rebound](https://longbridge.com/en/news/296767860.md) - [Term Finance loses estimated $8.5M in vault governance exploit](https://longbridge.com/en/news/296733976.md) - [DeFi Lending Protocol Term Finance Loses $8.5 Million After Attacker Gains Governance Control](https://longbridge.com/en/news/296735211.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**