Bitmine's Crypto & Cash Holdings Surge to $10.7B; Finalizes $273.8M Preferred Stock Offering
BMNR has more than doubled off its 52-week low of $3.92.
Summary
Bitmine Immersion Technologies reported a significant increase in its total crypto and cash holdings to $10.7 billion and finalized a $273.8 million preferred stock offering, strengthening its balance sheet and confirming substantial projected staking revenues.
Key Events · Financing and Capital Events · BMNR
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Total Holdings Increase to $10.7 Billion
The company's total crypto and cash holdings, including 5.67 million ETH tokens, reached $10.7 billion as of June 21, 2026. This marks a significant increase from the $9 billion reported on June 8, 2026.
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Preferred Stock Offering Finalized
Bitmine closed its offering of 3.5 million shares of 9.50% Series A Perpetual Preferred Stock at $80.00 per share, generating net proceeds of approximately $273.8 million. This finalizes the terms and proceeds of the offering initiated on 2026-06-05.
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Significant ETH Staking Revenue
The company holds 4.7% of the total ETH supply and has 4,718,677 ETH staked, with projected annualized staking revenues of $223 million, rising to $268 million at full scale.
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Preferred Stock Dividends Declared
The Board of Directors declared seven weekly cash dividends of $0.1847 per share on the Series A Perpetual Preferred Stock, with payment dates extending through August 28, 2026.
Analysis · BMNR · Crypto Assets
Bitmine Immersion Technologies announced a substantial increase in its total crypto and cash holdings to $10.7 billion, up from $9 billion reported just two weeks prior. This update highlights the company's continued success in its core strategy of accumulating digital assets, particularly Ethereum, where it now holds 4.7% of the total supply. Additionally, the company finalized its $273.8 million preferred stock offering, significantly bolstering its cash position. The projected annualized staking revenue of $223 million from its 4.7 million staked ETH tokens represents a material and recurring income stream, reinforcing the company's financial strength and operational execution.
At the time of this filing, BMNR was trading at $16.45 on NYSE in the Crypto Assets sector, with a market capitalization of approximately $9.2B. The 52-week trading range was $3.92 to $161.00. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.