Quick Breakdown:
- BitMine confirms NYSE American listing and compliance with share issuance rules.
- NASDAQ’s new crypto treasury scrutiny does not apply to BitMine.
- The company strengthens Bitcoin mining and Ethereum treasury strategy.
BitMine Immersion Technologies (NYSE American: BMNR) has issued a statement clarifying its regulatory standing following reports that NASDAQ is tightening oversight of companies building crypto treasuries. The Ethereum-focused treasury and mining firm stressed that the new requirements do not apply to its operations, as it is already fully compliant with NYSE American standards.
NYSE Approval Shields BitMine from NASDAQ Rules
Media reports suggested NASDAQ now requires certain firms to seek shareholder approval before issuing new shares to purchase crypto, particularly when transactions involve “in-kind contributions” of digital assets exceeding 20% of an offering. BitMine emphasized that its listing on NYSE American, completed July 8, 2025, positions it outside the scope of NASDAQ’s policy.
The company added that it can issue shares under its existing shelf registration without additional shareholder approval. Its active at-the-market (ATM) program also remains a registered public deal, enabling the firm to raise capital efficiently while continuing to build its Bitcoin and Ethereum treasury reserves.
BitMine is listed on the NYSE American.
BitMine is able to issue shares via its existing shelf registration without shareholder approval.
The ATM program remains a registered bona fide public deal and does not require shareholder approval to continue
https://t.co/eavqK9XXh5— Bitmine BMNR (@BitMNR) September 5, 2025
Expanding Treasury and Mining Operations
BitMine has been advancing its Ethereum treasury strategy, supported by both capital market activity and Bitcoin mining operations. The company’s diversified business lines include synthetic Bitcoin mining, hashrate financial products, and advisory services for institutions seeking Bitcoin-denominated revenues.
Operations are spread across low-cost energy hubs in Trinidad, Pecos (Texas), and Silverton (Texas), reinforcing BitMine’s position as a significant player in crypto infrastructure. The firm also highlighted that its previously closed PIPE transaction, which coincided with its July listing, reflects strong investor support for its long-term Ethereum accumulation and staking strategy. The company reaffirmed its commitment to long-term crypto accumulation, particularly in Ethereum and Bitcoin, while continuing to explore expansion opportunities across its mining and treasury businesses.
BitMine recently cemented its position as the world’s largest corporate holder of Ethereum. On August 24, blockchain analytics platform Lookonchain reported that the Las Vegas-based company acquired 9,600 ETH worth approximately $45 million. The purchase pushed its Ethereum treasury to unprecedented levels, reinforcing its long-term strategy of staking and accumulation.
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