BMNR Stock Climbs As Massive Ethereum Bet Takes Center Stage
BitMine Immersion Technologies (BMNR) stock rose 6.5% on July 20, 2026, driven by its massive Ethereum holdings of 5.74–5.77M ETH (4.8% of supply). The company disclosed $11.1–$11.3B in assets, with staking revenues projected at $235M–$284M annually. B. Riley cut its price target to $25 from $33, citing Ethereum price dependence and a $274M preferred stock raise.
DeFi Intel is an entity-graph aggregator: we curate, tag and link crypto news to a typed knowledge graph of protocols, tokens, people and incidents. We do not republish the full article body. Use the link above to read the original report at Timothysykes.com.
Entities in this story
Want the full article?
Continue reading on Timothysykes.com →