{"id":103709,"date":"2026-06-15T18:18:02","date_gmt":"2026-06-15T18:18:02","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=103709"},"modified":"2026-06-15T18:18:02","modified_gmt":"2026-06-15T18:18:02","slug":"why-did-bitmine-stock-gain-on-monday","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=103709","title":{"rendered":"Why Did BitMine Stock Gain On Monday?"},"content":{"rendered":"<div>\n<p><strong>BitMine Immersion Technologies, Inc. <\/strong><a href=\"https:\/\/www.benzinga.com\/quote\/BMNR\" target=\"_blank\" class=\"ticker-link\" data-ticker=\"BMNR\" data-exchange=\"NASDAQ\" rel=\"noopener\">(NASDAQ:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/BMNR\">BMNR<\/a>) shares traded higher on Monday after the company reported another increase in its Ethereum (CRYPTO:\u00a0ETH) holdings.<\/p>\n<h2 class=\"wp-block-heading\"><strong>BitMine Ethereum Accumulation<\/strong><\/h2>\n<p>BitMine <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/06\/53195620\/bitmine-buys-76881-eth-as-bmnr-jumps-6-whats-going-on\" rel=\"noreferrer noopener\">bought<\/a> 76,881 ETH last week, raising its total holdings to 5.62 million ETH, or about 4.66% of Ethereum&#8217;s total supply.<\/p>\n<p>The purchase brings BitMine 93% of the way toward its goal of owning 5% of Ethereum&#8217;s 120.7 million supply by 2026.<\/p>\n<p>The company has 4,718,677 ETH staked, with annualized projected staking rewards of $219 million as a cash-flow backstop.<\/p>\n<p>BitMine said its total crypto, cash, marketable securities and other holdings stand at $10.4 billion, including stakes in Beast Industries and Eightco Holdings.<\/p>\n<p>The company also raised $273.8 million net through a Series A preferred stock offering, which carries a 9.5% annual dividend paid weekly.<\/p>\n<div class=\"bz-read-next-block\"><\/div>\n<p>     data-variant=&#8221;banner&#8221;<br \/>\n     data-news-mode=&#8221;manual&#8221;<\/p>\n<p>    &#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BitMine Immersion Technologies, Inc. (NASDAQ:BMNR) shares traded higher on Monday after the company reported another increase in its Ethereum (CRYPTO:\u00a0ETH) holdings. BitMine Ethereum Accumulation BitMine bought 76,881 ETH last week, raising its total holdings to 5.62 million ETH, or about 4.66% of Ethereum&#8217;s total supply. The purchase brings BitMine 93% of the way toward its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-103709","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/103709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=103709"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/103709\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=103709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=103709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=103709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}