[Form 4] BitMine Immersion Technologies, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Erik S. Nelson, President and a director of BitMine Immersion Technologies, Inc. (BMNR), reported securities transactions on 08/31/2025. Following a 1-for-20 reverse stock split adjustment, Mr. Nelson was issued 5,250 shares and separately 25,000 shares at $0 as compensation for services rendered as a director and officer, bringing his total beneficial ownership to 153,750 shares. The filing discloses that this total includes 76,000 shares directly owned by Mr. Nelson, 75,250 shares held by Coral Investment Partners, LP (where he controls the general partner), and 2,500 shares owned by Morris Lake Holdings, LLC, of which his spouse and children own 80% and his spouse shares voting/disposal power.
Positive
- Clear disclosure of direct and indirect beneficial ownership, including holdings through Coral Investment Partners, LP and Morris Lake Holdings, LLC
- Insider compensation issued as equity (5,250 and 25,000 shares) increases reported alignment of management with shareholders
Negative
- None.
Insights
TL;DR: Director/officer received shares as compensation, increasing insider ownership and disclosing related-party holdings.
The filing documents routine insider compensation through the issuance of common stock at no cash price for services rendered and clarifies indirect holdings via controlled entities and family-related ownership. This improves transparency about voting and investment control by specifying Coral Investment Partners, LP and Morris Lake Holdings, LLC positions. The report also states the company completed a 1-for-20 reverse split adjustment for reported share amounts.
TL;DR: Insider acquisitions are non-cash compensation and raise reported insider stake to 153,750 shares.
The transactions shown are non-derivative issuances recorded as acquisitions on 08/31/2025 with zero price, indicating issuances for services rather than open-market purchases. The disclosure quantifies direct and indirect ownership, attributing 75,250 shares to Coral Investment Partners, LP (controlled by the reporting person) and noting family ownership in Morris Lake Holdings, LLC. The filing does not include option grants, sales, or cash proceeds.