Why Bitmine Immersion Technologies Stock Soared Nearly 8% Higher Today
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By Eric Volkman – Mar 2, 2026 at 7:32PM ESTKey PointsThe "treasury" crypto company reported, hardly for the first time, an increase in its top holding.It's now in possession of more than $9 billion worth of Ethereum.Monday was a good day for cryptocurrency holding companies to publish portfolio updates. In what qualifies as excellent timing, Bitmine Immersion Technologies' (BMNR +7.48%) latest release, which yet again revealed a higher pile of digital money, came early enough that morning to benefit from general crypto optimism in the market. This helped push Bitmine stock to an almost 8% gain on the day. Immersed in crypto Bitmine's weekly digest of its most crucial assets revealed that the company's total Ethereum holdings have reached 4,473,587. In hard currency terms, this investment is now worth nearly $9.1 billion. That total is up from the week-ago tally of 4,422,659. Image source: Getty Images. Bitmine is chiefly, and rightfully, viewed as an Ethereum holding business, although it has a stake in No. 1 cryptocurrency Bitcoin, too. This position saw a more modest rise, clocking in at 195 from last week's 193. Also increasing were Bitmine's cash holdings, which grew to $868 million from $691 million. Not every asset in the company's portfolio was on the up, however. Its $200 million stake in the Jimmy "Mr. Beast" Donaldson-led Beast Industries held steady at $200 million, while its investment in the stock of institutional Worldcoin investor Eightco Holdings declined -- that's now worth $14 million, down from $17 million. ExpandNYSEMKT: BMNRBitmine Immersion TechnologiesToday's Change(7.48%) $1.42Current Price$20.40Key Data PointsMarket Cap$8.6BDay's Range$18.82 - $21.1652wk Range$3.20 - $161.00Volume53MAvg Vol45MGross Margin93.80%Dividend Yield0.05% War economy The calculus behind this is simple; when crypto optimism is in the air, investors like hearing that a so-called "treasury" business like Bitmine is piling into its favorite asset(s). Personally, I think crypto in general is in for a period of volatility amid the conflict in the Middle East, so I wouldn't be so bullish, but those who believe Ethereum and other electronic coinage will do well should consider Bitmine as a sideways play.Read NextFeb 15, 2026 •By Emma Newbery2 Predictions for Crypto Treasury Firms in 2026Feb 6, 2026 •By Brett SchaferWhy Bitmine Immersion Technologies Stock Collapsed This WeekFeb 4, 2026 •By Dominic BasultoIs Bitmine Immersion Technologies an Underrated Crypto Play?Jan 12, 2026 •By Brett SchaferWhy Bitmine Immersion Technologies Stock Rocketed 248% Higher In 2025Dec 23, 2025 •By Dominic BasultoIs Bitmine Immersion Technologies a Buy, Sell, or Hold in 2026?Dec 19, 2025 •By Eric VolkmanWhy Bitmine Immersion Technologies Stock Flipped Into the red This WeekAbout the AuthorEric Volkman is a contributing Motley Fool finance and stock market analyst. Previously, Eric was an equities analyst at European investment bank Raiffeisen Capital and Investment. He’s also been a freelance finance writer since 1995. He studied at Susquehanna University.TMFVolkmanStocks MentionedBitmine Immersion TechnologiesNYSEMKT: BMNR$20.40(+7.48%)+$1.42BitcoinCRYPTO: BTC$68,372.00(+2.35%)+$1,569.23EthereumCRYPTO: ETH$2,012.40(+1.93%)+$38.10WorldcoinCRYPTO: WLD$0.40(+2.68%)+$0.01EightcoNASDAQ: ORBS$1.09(+3.81%)+$0.04*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.