Bitmine Immersion shares jump over 7% as crypto holdings reach $14.9B

Bitmine Immersion shares jump over 7% as crypto holdings reach $14.9B

Mon, August 24, 2026 at 8:15 PM GMT+3 1 min read

Bitmine Immersion (NASDAQ:IMMR) Technologies (NYSE:BMNR) shares rose more than 7% on Monday after the company disclosed a holdings update showing total crypto and "moonshot" investments valued at $14.9 billion as of August 24, 2026.

The company said it has staked more than 5 million ETH, with holdings of 5,847,611 ETH valued at $2,440 per token, according to Coinbase pricing cited by the company. Bitmine also holds 210 Bitcoin.

Beyond its core crypto holdings, the company reported a $180 million stake in Beast Industries, the company founded by YouTube creator MrBeast, and an $89 million stake in Eightco Holdings, which trades on Nasdaq under the ticker ORBS. The company described these two positions as "moonshots."

Bitmine also reported total cash and marketable securities of $308 million.

The update underscores Bitmine's position as one of the largest corporate holders of Ethereum, with its stake surpassing the 5 million ETH threshold for the first time. The scale of the holding ties the company's balance sheet closely to the price of ETH, making its market value sensitive to swings in the cryptocurrency's price.

The disclosure of stakes in Beast Industries and Eightco Holdings also signals the company's expansion beyond core crypto assets into other high-growth, high-risk investments.