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Market News

BitMine Stock Begins Options Trading on NYSE

Written By Sneha Murali
Fact Checked by Jahnu Jagtap
Published 2025-07-24
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BitMine Stock Begins Options Trading on NYSE

BitMine Immersion Technologies, a crypto mining company and an Ethereum-focused treasury company, revealed that its common stock is now available as listed options for trading on the New York Stock Exchange (NYSE) with the symbol “BMNR.”  As of July 23, 2025 trading has begun for everyone.

BMNR trading provides broader access to retail and institutional investors to speculate, or offset exposure to BitMine. Various standard strike prices and expirations are provided by the Options Clearing Corporation (OCC), which performs clearing and regulatory obligations.

With regards to Thomas Lee, Head of Research at Fundstrat and Chairman of BitMine, “Options trading on the NYSE represents a major milestone for BitMine, offering investors greater ability to be a part of our sustainable growth.” He added that the listing indicates growing faith in BitMine’s long-term vision, particularly its mission of owning 5% of the world’s Ethereum supply.

announcement of BitMine Stock Begins Options
Source: Announcement

The firm maintains a business hybrid model that includes conventional mining infrastructure and advisory services. The firm provides synthetic Bitcoin mining, advisory, and aims to accumulate crypto assets through operations as well as capital market strategies. 

BitMine’s mining activities are established in energy-efficient locations like Trinidad and Texas.

Investor interest in BitMine skyrocketed earlier this year when technology billionaire Peter Thiel announced a 9.1% holding in the company. A vanguard of investing in Bitcoin and crypto startups early on, Thiel’s support adds further credibility to BitMine’s lofty ETH stockpiling plans.

Peter Thiel Holds 9.1
Peter Thiel Holds 9.1% | Source: X

As a result, BMNR stock rose 1.04% in initial Wednesday trading following the announcement.

BMNR STOCK
BMNR STOCK Source: Google

With its shares now trading on the NYSE, BitMine can anticipate greater liquidity and investor demand. The move supports the company’s overall strategy of becoming an institutional leader in the Ethereum sector.

Also Read: Tether Says It’s Planning a Comeback to the U.S. Market

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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