Crypto Stocks Jump; American Bitcoin, BMNR up 4%; Iren, SBET, Upexi, Hut 8, Strategy up 3%

TigerSep 5, 2025 8:24 AM

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Crypto stocks jumped in premarket trading on Friday as Bitcoin rose to $113,000 and Ethereum rose to $4,400.

American Bitcoin, BMNR rose 4%; Iren, SBET, Upexi, Hut 8, Strategy rose 3%; Canaan, Coinbase rose 2%.

BitMine Immersion (BMNR) Statement on NYSE American Listing and Access to Capital Markets

BitMine Immersion Technologies Inc. today released this statement regarding several media reports that NASDAQ is stepping up scrutinization of crypto treasury companies.

BitMine is listed on the NYSE American.

BitMine is able to issue shares via its existing shelf registration without shareholder approval.

The existing ATM program remains a registered bona fide public deal and does not require shareholder approval to continue.

Media reports claimed that NASDAQ is requiring some companies to get shareholder approval before issuing new shares to buy crypto. This has been the existing guidance by NASDAQ and relates to companies establishing crypto treasuries and accepting crypto in exchange for new shares (so-called "in-kind contribution"). Those exceeding 20% in an offering would require shareholder approval.

This does not apply to BitMine, which has already secured NYSE approval, with its PIPE (private investment in public equity) transaction closing on July 8, 2025.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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