Bitmine Immersion Technologies up 0.94% in pre-market on massive ETH holdings announcement

Bitmine Immersion Technologies (BMNR) announced a significant update on its Ethereum (ETH) holdings and staking activities, confirming plans to launch its MAVAN staking network in Q1 2026.

• The company reported total ETH holdings of 4,168 million tokens, with 1,256,083 ETH currently staked.
• To support its ETH expansion, BMNR plans to increase its share count to 50 billion, a move seen as a catalyst despite potential dilution risks.
• The stock traded higher in the pre-market, rising +0.94% to $30.34.