BMNR Stock Forecast as Norway Wealth Fund Takes $81.9M BitMine Stake, Analysts See 74% Upside

TLDR

• Norway’s sovereign wealth fund disclosed 6.15 million BitMine shares worth about $81.9 million.
• The stake gives the fund indirect Ethereum exposure through BMNR stock.
• BitMine reported holding about 5.81 million ETH as of August 9.
• Roughly 5.07 million ETH, or about 87% of its holdings, was staked.
• Wall Street’s average BMNR price target stands above the current $18.29 share price.

BitMine Immersion Technologies stock closed 2.24% higher at $18.29 on Thursday as Norway’s sovereign wealth fund disclosed a large position in the Ethereum treasury company. The Government Pension Fund Global held 6,151,062 BMNR shares worth about $81.87 million as of June 30.

Source: KnockOutStocks

The position gives the Norwegian fund indirect exposure to Ethereum through BitMine shares rather than direct ownership of ETH. BitMine did not appear in the fund’s December 2025 holdings report, while the latest disclosure does not state when the shares were purchased or the price paid.

Norway Wealth Fund Takes $81.9M BitMine Stake

Norway’s Government Pension Fund Global ended the first half of 2026 with assets worth 22.683 trillion Norwegian kroner. Equities represented 72.1% of the portfolio, while the fund recorded a 9.4% return during the first six months of the year.

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