BitMine Immersion Targets 5% of Ethereum’s Supply in $2B+ Power Move—Staking Dominance Ahead?

BitMine Immersion isn’t just dipping a toe into Ethereum—it’s diving headfirst with a plan to lock up 5% of the entire supply. With holdings now topping $2 billion, the firm’s staking ambitions could reshape ETH’s liquidity landscape overnight.

The Staking Endgame

Forget passive investing—this is a calculated play for network influence. Controlling 5% of Ethereum’s staked supply doesn’t just earn yield; it edges toward governance sway. Validators, meet your new heavyweight contender.

Wall Street’s Crypto Envy

While traditional finance still debates ‘blockchain vs. legacy rails,’ BitMine’s $2B bet screams conviction. (Cue eye-rolls from bankers stuck in SWIFT limbo.) The message? DeFi doesn’t wait for permission—it builds.

One question lingers: Is this the start of a staking oligopoly—or just smart money stacking ETH while the SEC dithers?

Options trading

In a parallel development, BitMine has also taken a significant step in expanding market access to its shares.

On July 23, the firm announced that its common stock began options trading on the New York Stock Exchange under the ticker symbol “BMNR.” The options listing features standard expiration dates and multiple strike prices, offering investors more flexibility and risk management tools.

According to Lee, this MOVE reflects investor confidence and offers new ways for market participants to gain exposure to the company’s future growth.

According to Google Finance data, BMNR stock surged 7% to $42 after these developments.