8-K filing — BITMINE IMMERSION TECHNOLOGIES, INC. (BMNP)
Filed: 2026-10-13 AccNo: 0001493152-26-046744 Size: 1 MB Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits
Crypto · News reference
Bitmine buys 12,532 Ethereum, nearing its 5% supply target as Tom Lee predicts crypto’s biggest bull cycle yet.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Filed: 2026-10-13 AccNo: 0001493152-26-046744 Size: 1 MB Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits
Bitmine Immersion Technologies, which holds 4.9% of all Ethereum in circulation ($15.5 billion), plans to stop buying ETH once it reaches the 5% threshold. The author argues this is bearish for Ethereum because Bitmine has been the most persistent buyer over the past 12 months, employing a dollar-cost averaging strategy. With this major demand source disappearing and shifting to yield maximization strategies instead, Ethereum investors may face reduced price support.
Leading cryptocurrencies posted steady gains on Tuesday, October 13, as investors awaited September’s consumer inflation data against a backdrop of elevated oil prices.
Leading cryptocurrencies plunged on Monday, October 12, as geopolitical uncertainty and upcoming inflation data kept investors on edge.
U.S. stock futures were higher on Wednesday, as the Dow Jones, S&P 500 and Nasdaq 100 indices rose, following Tuesday's lower close.
Susan Collins, president of the Boston Federal Reserve, said on Tuesday, October 13, that the Federal Reserve may need to raise interest rates again before year-end as inflation remains above target.