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Verified AssetID: BMNR
B

BitMine Immersion Technologies (BMNR) Bitcoin Treasury Analysis

BMNR Global Equity
-2.2% (24h)
Bitcoin Reserves
RANK #21
192 BTC
Valued at $12.059M
Ethereum Reserves
PEER RANK: #1
4,110,000 ETH
Valued at $7,451.882M
Strategy Intelligence
Strategy ConvictionHIGH ALPHA

Aggressive accumulation profile identified.

CS

Chi Tsang

CSO • Strategic Visionary

Investor Relations

Market Cap

$9.31B

Rank #5

mNAV Backing

0.88

Sats / Share

32

BTC / 1k Shrs

0.000318

Treasury Value

$7,463.941M

Equity Ratio

80.1%

Institutional Price Performance

Correlated share price movement vs Digital Reserves

1 Year

Synchronizing Nodes

Institutional Thesis

Strategic Positioning

BitMine Immersion Technologies (BMNR) has established itself as a significant participant in the institutional digital asset treasury landscape. By maintaining a balance sheet weighted toward Bitcoin, the company provides equity investors with a regulated vehicle to capture digital asset appreciation while benefiting from the legal and operational protections of a public corporate structure.

Treasury Thesis

"The primary investment thesis for BMNR is centered on its Multiple on Net Asset Value (mNAV). Currently trading at0.88xrelative to its holdings, the stock serves as a high-conviction proxy for the underlying cryptocurrency's performance."

Institutional Metrics

  • Exposure IndexAggressive Treasury Standard
  • Yield PotentialSatoshi Accretion focus

Note: We are constantly updating our deep-dive analysis for all 35+ companies. Detailed bull/bear cases for BMNR are currently being finalized by the CryptosEyes Intelligence Desk.

MARKET INTELLIGENCE
Live Price$15.44
52W Low52W High
$12.80$71.74
On-Chain Verification

Public wallet indexing in progress

SOURCE: SEC FILINGS
PEER ANALYSIS
T
TSLA
11,509 BTC
0.00
Backing
C
CLSK
13,054 BTC
0.17
Backing
M
MSTR
672,497 BTC
1.10
Backing
Solvency Analysis
Treasury / Debt Coverage
∞
Effective Position
+$8,342.201M
Net Debt ($0M)Treasury ($ 7464M)
Total Debt$1.32M
Cash on Hand$879.58M
Net Debt$0M

Sector Research

Valuing Digital Asset Equities

A comprehensive framework for analyzing Bitcoin-heavy balance sheets.

The Corporate Bitcoin Playbook

How public companies navigate the transition to a BTC treasury standard.

Strategic Deep Dives

Public Treasury Master List

See how BMNR compares to the other 50+ companies in our database.

Live mNAV Calculator

Run a custom valuation scenario for BitMine Immersion Technologies based on your own BTC price targets.

Important: Educational Purposes OnlyThe data, charts, treasury tracking metrics (including mNAV and SPS), and research provided on CryptosEyes.com are for informational and educational purposes only. They do not constitute certified financial, investment, or trading advice. Digital assets like Bitcoin and Ethereum are highly volatile. Always conduct your own research and consult with a registered financial advisor before making investment decisions.