Bitmine Immersion Technologies (BMNR) shares rose 4.79% to close at $21.45 after disclosing record combined crypto and cash reserves totaling $14.5 billion. The company is making significant progress toward its 'Alchemy of 5%' ownership goal by aggressively accumulating Ethereum.
- The company now holds 4.285 million Ethereum tokens, representing approximately 3.55% of the total circulating supply.
- Chairman Tom Lee defended the aggressive treasury model, characterizing recent market volatility and paper fluctuations as a planned feature of their strategy.
- Investors are looking forward to the upcoming Q1 2026 launch of the Made in America Validator Network.