BitMine Aims to Secure 5% Stake in Ethereum
BitMine’s Ethereum Investment Plan Designed to Bolster the Ethereum Network
LAS VEGAS, July 23, 2025 /PRNewswire/ — (NYSE AMERICAN: BMNR) Bitmine Immersion Technologies (“BitMine” or the “Company”), a cryptocurrency mining firm with a strategic goal to acquire a substantial portion of Ethereum representing 5% of the total supply, announced today that options trading for the Company’s common stock has commenced on the New York Stock Exchange (“NYSE”).
Beginning July 23, 2025, BitMine options are trading under the ticker symbol “BMNR,” encompassing a variety of standard expiration dates and price levels. The introduction of these options is anticipated to broaden investment opportunities and potentially boost liquidity in the Company’s stock. This will give investors more ways to control risks, amplify positions, and voice their opinions regarding the future valuation of the business.
“The availability of options trading on the NYSE marks a significant step for BitMine, providing investors with enhanced avenues to engage in our ongoing advancement,” stated Thomas “Tom” Lee of Fundstrat, who serves as Chairman of BitMine’s Board. “This development signifies increasing confidence in our strategy and reinforces our ambitious objective to amass 5% of the total ETH supply, positioning us as a foremost institutional holder of Ethereum globally.”
Options trading for BitMine is facilitated through the Options Clearing Corporation (“OCC”) and will adhere to the standard rules and protocols established by both the NYSE and the OCC.
About BitMine
BitMine specializes in Bitcoin and Ethereum network activities, prioritizing the accumulation of crypto assets for sustained investment, whether sourced from Bitcoin mining operations or from capital raising proceeds. Business activities encompass Bitcoin mining, simulated Bitcoin mining via involvement in Bitcoin hashrate as a financial product, offering consulting and mining services to entities aiming to generate Bitcoin-denominated revenues, and providing general Bitcoin guidance to publicly traded corporations. BitMine’s operations are strategically positioned in regions with competitive energy costs, including Trinidad, Pecos, Texas, and Silverton, Texas.
For more information, follow BitMine on X:
https://x.com/bitmnr
https://x.com/fundstrat
https://x.com/bmnrintern
Forward-Looking Statements
This announcement contains predictions that represent “forward-looking statements.” These predictive statements involve potential hazards and uncertainties. Specifically, this announcement includes forward-looking predictions regarding progress towards and fulfillment of the Company’s ETH staking and acquisition plans, the predicted long-term worth of Ethereum, continued growth of the Company’s Ethereum investment strategy, and the associated advantages for the Company. When evaluating these predictions, you should factor in various elements, including the ability of BitMine to remain current with technological advances and evolving market demands, its capacity to fund its existing business, Ethereum investment projects, and proposed future operations, the competitiveness of BitMine’s business sector, and the future market price of Bitcoin and Ethereum. The actual performance outcomes and final results may significantly deviate from those represented in forward-looking predictions. These predictive statements are contingent upon several factors, many of which surpass the control of BitMine. Details regarding these potential risks can be found in the Risk Factors section of BitMine’s Form 10-K submitted to the Securities and Exchange Commission (SEC) on April 3, 2025, as well as all additional SEC filings as amended or updated periodically. Copies of BitMine’s filings are publicly accessible on the SEC website at www.sec.gov. BitMine is not obligated to revise these predictions in light of revisions or changes occurring after the release of this announcement, except where legally mandated.
SOURCE BitMine Immersion Technologies, Inc.