Why Did BitMine Stock Gain On Monday?

Benzinga01:59

BitMine Immersion Technologies, Inc. (NASDAQ:BMNR) shares traded higher on Monday after the company reported another increase in its Ethereum (CRYPTO: ETH) holdings.BitMine Ethereum ...

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(NASDAQ:BMNR) shares traded higher on Monday after the company reported another increase in its Ethereum (CRYPTO: ETH) holdings.BitMine Ethereum ...</p>\n\n<a href=\"https://www.benzinga.com/crypto/cryptocurrency/26/06/53206322/why-did-bitmine-stock-gain-on-monday\">Source Link</a>\n\n</div>\n","source":"Benzinga","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Did BitMine Stock Gain On Monday?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Did BitMine Stock Gain On Monday?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-16 01:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/crypto/cryptocurrency/26/06/53206322/why-did-bitmine-stock-gain-on-monday><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BitMine Immersion Technologies, Inc. (NASDAQ:BMNR) shares traded higher on Monday after the company reported another increase in its Ethereum (CRYPTO: ETH) holdings.BitMine Ethereum ...</p>\n\n<a href=\"https://www.benzinga.com/crypto/cryptocurrency/26/06/53206322/why-did-bitmine-stock-gain-on-monday\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BMNZ","symbol_name":"Defiance Daily Target 2X Short BMNR ETF","start_time":0,"source_url":"https://www.benzinga.com/crypto/cryptocurrency/26/06/53206322/why-did-bitmine-stock-gain-on-monday","article_id":"2643788523","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2026/06/15/Smartphone-Displaying-BitMine-Logo-And-N.jpeg"],"rights":{"source":"Benzinga","url":"https://www.benzinga.com/crypto/cryptocurrency/26/06/53206322/why-did-bitmine-stock-gain-on-monday","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2643788523","pubTimestamp":1781546341,"columns":[],"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"BitMine stock rises after buying more Ethereum, nearing its 5% supply goal and highlighting staking rewards.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BMNZ":"Defiance Daily Target 2X Short BMNR ETF","YBMN":"Defiance BMNR Option Income ETF","BMNG":"2倍做多BMNR ETF-Leverage Shares","BMNR":"BitMine Immersion Technologies Inc.","BK4023":"应用软件","BK4147":"半导体设备","BMNU":"2倍做多BMNR ETF-T-REX"},"translate_title":"为什么比特矿股票周一上涨？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BMNZ":0.6,"BMNR":1.98,"BMNG":0.6,"BMNU":0.6,"YBMN":0.6},"content_text":"BitMine Immersion Technologies, Inc. (NASDAQ:BMNR) shares traded higher on Monday after the company reported another increase in its Ethereum (CRYPTO: ETH) holdings.BitMine Ethereum AccumulationBitMine bought 76,881 ETH last week, raising its total holdings to 5.62 million ETH, or about 4.66% of Ethereum's total supply.The purchase brings BitMine 93% of the way toward its goal of owning 5% of Ethereum's 120.7 million supply by 2026.The company has 4,718,677 ETH staked, with annualized projected staking rewards of $219 million as a cash-flow backstop.BitMine said its total crypto, cash, marketable securities and other holdings stand at $10.4 billion, including stakes in Beast Industries and Eightco Holdings.The company also raised $273.8 million net through a Series A preferred stock offering, which carries a 9.5% annual dividend paid weekly.Chairman Tom Lee said the recent ETH pullback \"does not reflect strengthening Ethereum fundamentals,\" calling the backdrop the \"early stages of crypto spring.\"Strategy Bitcoin Buy And Reserve GrowthThe company funded the purchase and a $100 million increase to its USD Reserve through stock sales, raising $209 million via its at-the-market program without selling Bitcoin or using existing cash.How BMNR Ranks On Momentum Versus The MarketBelow is the Benzinga Edge scorecard for BitMine Immersion Technologies, highlighting its strengths and weaknesses compared to the broader market:– Momentum: Bullish (Score: 90.05) — Stock is outperforming the broader market.The Verdict: BitMine Immersion Technologies' Benzinga Edge signal points to a momentum-driven story, suggesting strong performance relative to the market. This momentum could provide a solid foundation for future growth, especially given the company's recent achievements.BMNR ETF Exposure In Crypto And Blockchain FundsSignificance: Because BMNR carries such a heavy weight in these funds, any significant inflows or outflows will likely trigger automatic buying or selling of the stock.BMNR Price Action: BitMine Immersion shares were up 8.44% at $17.47 at the time of publication on Monday, according to Benzinga Pro data.Photo: PJ McDonnell / ShutterstockThis content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.Market News and Data brought to you by Benzinga APIs© 2026 Benzinga.com. Benzinga does not provide investment advice. 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