[Form 4] BitMine Immersion Technologies, Inc. Insider Trading Activity
Jonathan Robert Bates, CEO and director of BitMine Immersion Technologies, Inc. (BMNR), reported changes to his beneficial ownership following the dissolution of an investment fund. On 08/26/2025 Bates received distributions of common stock previously held by Innovative Digital Investors Emerging Technology LP (IDI). As distributed, 362,044 shares went to Progression Asset Management Corporation (PAMC), an entity he wholly owns, but Bates disclaims beneficial ownership of 110,000 of those shares that are subject to third-party rights, reporting direct beneficial ownership of 252,044 shares from PAMC. Additional distributions recorded on the same date show 96,818 shares held by BFAM Partners, LLC and 15,427 shares held in an IRA custodian, bringing Bates' total reported beneficial ownership to 967,289 shares after the transactions.
Jonathan Robert Bates, amministratore delegato e direttore di BitMine Immersion Technologies, Inc. (BMNR), ha comunicato variazioni nella sua partecipazione dopo lo scioglimento di un fondo d'investimento. Il 26/08/2025 Bates ha ricevuto distribuzioni di azioni ordinarie precedentemente detenute da Innovative Digital Investors Emerging Technology LP (IDI). Di queste, 362.044 azioni sono state trasferite a Progression Asset Management Corporation (PAMC), una societ脿 interamente controllata da lui; tuttavia Bates dichiara di non avere la titolarit脿 effettiva su 110.000 azioni soggette a diritti di terzi, riportando quindi una detenzione diretta di 252.044 azioni tramite PAMC. Lo stesso giorno risultano altres矛 distribuite 96.818 azioni a BFAM Partners, LLC e 15.427 azioni in un conto IRA custodito, portando la sua partecipazione totale dichiarata a 967.289 azioni dopo le operazioni.
Jonathan Robert Bates, CEO y director de BitMine Immersion Technologies, Inc. (BMNR), inform贸 cambios en su propiedad beneficiaria tras la disoluci贸n de un fondo de inversi贸n. El 26/08/2025 Bates recibi贸 distribuciones de acciones ordinarias que anteriormente pertenec铆an a Innovative Digital Investors Emerging Technology LP (IDI). De esas acciones, 362.044 fueron transferidas a Progression Asset Management Corporation (PAMC), una entidad de su propiedad total; no obstante, Bates renuncia a la propiedad beneficiaria de 110.000 acciones sujetas a derechos de terceros, informando una titularidad directa de 252.044 acciones a trav茅s de PAMC. Las mismas distribuciones registran adem谩s 96.818 acciones en poder de BFAM Partners, LLC y 15.427 acciones en un custodio IRA, elevando su propiedad beneficiaria total informada a 967.289 acciones tras las operaciones.
BitMine Immersion Technologies, Inc. (BMNR)鞚� CEO 瓴� 鞚挫偓鞚� Jonathan Robert Bates電� 韴瀽 韼�霌� 頃挫偘 頉� 鞙犾澋靻岇湢甓� 氤�頇旍棎 雽�頃� 氤搓碃頄堨姷雼堧嫟. 2025雲� 8鞗� 26鞚� Bates電� Innovative Digital Investors Emerging Technology LP(IDI)臧� 氤挫湢頃橂崢 氤错喌欤� 攵勲鞍毳� 氚涭晿鞀惦媹雼�. 攴� 欷� 362,044欤茧姅 攴戈皜 鞝勳暋 靻岇湢頃� 氩曥澑鞚� Progression Asset Management Corporation(PAMC)鞙茧 鞚挫爠霅橃棃歆�毵�, Bates電� 鞝�3鞛愳潣 甓岆Μ鞐� 霐半澕 110,000欤检棎 雽�頃� 鞙犾澋靻岇湢甓岇潉 攵�鞚疙晿鞐� PAMC毳� 韱淀暅 歆侅爲 鞙犾澋靻岇湢甓岇潉 252,044欤茧 氤搓碃頄堨姷雼堧嫟. 臧欖潃 雮� 於旉皜 攵勲鞍搿� BFAM Partners, LLC臧� 氤挫湢頃� 96,818欤检檧 IRA 甏�毽瀽 瓿勳鞐� 鞛堧姅 15,427欤缄皜 旮半霅橃棃鞙茧┌, 鞚措矆 瓯半灅 頉� Bates鞚� 齑� 氤搓碃霅� 鞙犾澋靻岇湢甓岇潃 967,289欤缄皜 霅橃棃鞀惦媹雼�.
Jonathan Robert Bates, PDG et directeur de BitMine Immersion Technologies, Inc. (BMNR), a d茅clar茅 des modifications de sa d茅tention b茅n茅ficiaire suite 脿 la dissolution d'un fonds d'investissement. Le 26/08/2025, Bates a re莽u des distributions d'actions ordinaires pr茅c茅demment d茅tenues par Innovative Digital Investors Emerging Technology LP (IDI). Parmi celles-ci, 362 044 actions ont 茅t茅 attribu茅es 脿 Progression Asset Management Corporation (PAMC), une entit茅 qu'il d茅tient int茅gralement ; toutefois, Bates d茅cline la propri茅t茅 b茅n茅ficiaire de 110 000 de ces actions soumises 脿 des droits de tiers, d茅clarant ainsi une d茅tention directe de 252 044 actions via PAMC. Les m锚mes distributions indiquent par ailleurs 96 818 actions d茅tenues par BFAM Partners, LLC et 15 427 actions dans un compte IRA d茅positaire, portant sa d茅tention b茅n茅ficiaire totale d茅clar茅e 脿 967 289 actions apr猫s les op茅rations.
Jonathan Robert Bates, CEO und Direktor von BitMine Immersion Technologies, Inc. (BMNR), meldete 脛nderungen an seiner wirtschaftlichen Beteiligung nach der Aufl枚sung eines Investmentfonds. Am 26.08.2025 erhielt Bates Aussch眉ttungen von Stammaktien, die zuvor von Innovative Digital Investors Emerging Technology LP (IDI) gehalten wurden. Davon gingen 362.044 Aktien an Progression Asset Management Corporation (PAMC), eine von ihm zu 100 % gehaltene Einheit; Bates bestreitet jedoch die wirtschaftliche Sph盲re 眉ber 110.000 dieser Aktien, die dritten Rechten unterliegen, und meldet somit eine direkte wirtschaftliche Beteiligung von 252.044 Aktien 眉ber PAMC. In den gleichen Aussch眉ttungen sind au脽erdem 96.818 Aktien bei BFAM Partners, LLC und 15.427 Aktien in einem IRA-Konto verzeichnet, womit sich seine insgesamt gemeldete wirtschaftliche Beteiligung nach den Transaktionen auf 967.289 Aktien bel盲uft.
- Increased reported beneficial ownership: Total beneficial ownership reported increased to 967,289 shares following the distributions
- Clear disclosure of complex ownership: Filing explains indirect ownership via PAMC, BFAM and an IRA custodian and disclaims 110,000 shares subject to third-party rights
- None.
Insights
TL;DR: Ownership reallocation due to fund dissolution increases reported indirect holdings, with some shares disclaimed pending third-party distribution.
The Form 4 documents a non-buy transaction where shares formerly held by IDI were distributed to entities linked to the reporting person. The filing clarifies the structure: PAMC holds 362,044 shares of record but 110,000 are subject to third-party rights and are disclaimed by Bates, leaving 252,044 shares reported as indirectly owned. Separately, Bates reports beneficial interest via BFAM and an IRA custodian. This is an administrative reallocation from a dissolved fund rather than open-market acquisitions, so governance implications are limited to updated ownership disclosures.
TL;DR: The transactions are distributions from a dissolved fund, increasing Bates' reported beneficial ownership to 967,289 shares; no cash paid.
The Form 4 codes the transactions as J(1), indicating non-market distributions with $0 price. The filing lists 252,044 shares indirectly owned via PAMC, 210,000 shares reported under BFAM within the totals, and 15,427 shares held in an IRA. Because these were distributions from IDI upon dissolution, there is no purchase price and no immediate change to the company鈥檚 outstanding share count reflected in this filing. The change is material for disclosure of insider holdings but does not reflect typical insider buying or selling activity.
Jonathan Robert Bates, amministratore delegato e direttore di BitMine Immersion Technologies, Inc. (BMNR), ha comunicato variazioni nella sua partecipazione dopo lo scioglimento di un fondo d'investimento. Il 26/08/2025 Bates ha ricevuto distribuzioni di azioni ordinarie precedentemente detenute da Innovative Digital Investors Emerging Technology LP (IDI). Di queste, 362.044 azioni sono state trasferite a Progression Asset Management Corporation (PAMC), una societ脿 interamente controllata da lui; tuttavia Bates dichiara di non avere la titolarit脿 effettiva su 110.000 azioni soggette a diritti di terzi, riportando quindi una detenzione diretta di 252.044 azioni tramite PAMC. Lo stesso giorno risultano altres矛 distribuite 96.818 azioni a BFAM Partners, LLC e 15.427 azioni in un conto IRA custodito, portando la sua partecipazione totale dichiarata a 967.289 azioni dopo le operazioni.
Jonathan Robert Bates, CEO y director de BitMine Immersion Technologies, Inc. (BMNR), inform贸 cambios en su propiedad beneficiaria tras la disoluci贸n de un fondo de inversi贸n. El 26/08/2025 Bates recibi贸 distribuciones de acciones ordinarias que anteriormente pertenec铆an a Innovative Digital Investors Emerging Technology LP (IDI). De esas acciones, 362.044 fueron transferidas a Progression Asset Management Corporation (PAMC), una entidad de su propiedad total; no obstante, Bates renuncia a la propiedad beneficiaria de 110.000 acciones sujetas a derechos de terceros, informando una titularidad directa de 252.044 acciones a trav茅s de PAMC. Las mismas distribuciones registran adem谩s 96.818 acciones en poder de BFAM Partners, LLC y 15.427 acciones en un custodio IRA, elevando su propiedad beneficiaria total informada a 967.289 acciones tras las operaciones.
BitMine Immersion Technologies, Inc. (BMNR)鞚� CEO 瓴� 鞚挫偓鞚� Jonathan Robert Bates電� 韴瀽 韼�霌� 頃挫偘 頉� 鞙犾澋靻岇湢甓� 氤�頇旍棎 雽�頃� 氤搓碃頄堨姷雼堧嫟. 2025雲� 8鞗� 26鞚� Bates電� Innovative Digital Investors Emerging Technology LP(IDI)臧� 氤挫湢頃橂崢 氤错喌欤� 攵勲鞍毳� 氚涭晿鞀惦媹雼�. 攴� 欷� 362,044欤茧姅 攴戈皜 鞝勳暋 靻岇湢頃� 氩曥澑鞚� Progression Asset Management Corporation(PAMC)鞙茧 鞚挫爠霅橃棃歆�毵�, Bates電� 鞝�3鞛愳潣 甓岆Μ鞐� 霐半澕 110,000欤检棎 雽�頃� 鞙犾澋靻岇湢甓岇潉 攵�鞚疙晿鞐� PAMC毳� 韱淀暅 歆侅爲 鞙犾澋靻岇湢甓岇潉 252,044欤茧 氤搓碃頄堨姷雼堧嫟. 臧欖潃 雮� 於旉皜 攵勲鞍搿� BFAM Partners, LLC臧� 氤挫湢頃� 96,818欤检檧 IRA 甏�毽瀽 瓿勳鞐� 鞛堧姅 15,427欤缄皜 旮半霅橃棃鞙茧┌, 鞚措矆 瓯半灅 頉� Bates鞚� 齑� 氤搓碃霅� 鞙犾澋靻岇湢甓岇潃 967,289欤缄皜 霅橃棃鞀惦媹雼�.
Jonathan Robert Bates, PDG et directeur de BitMine Immersion Technologies, Inc. (BMNR), a d茅clar茅 des modifications de sa d茅tention b茅n茅ficiaire suite 脿 la dissolution d'un fonds d'investissement. Le 26/08/2025, Bates a re莽u des distributions d'actions ordinaires pr茅c茅demment d茅tenues par Innovative Digital Investors Emerging Technology LP (IDI). Parmi celles-ci, 362 044 actions ont 茅t茅 attribu茅es 脿 Progression Asset Management Corporation (PAMC), une entit茅 qu'il d茅tient int茅gralement ; toutefois, Bates d茅cline la propri茅t茅 b茅n茅ficiaire de 110 000 de ces actions soumises 脿 des droits de tiers, d茅clarant ainsi une d茅tention directe de 252 044 actions via PAMC. Les m锚mes distributions indiquent par ailleurs 96 818 actions d茅tenues par BFAM Partners, LLC et 15 427 actions dans un compte IRA d茅positaire, portant sa d茅tention b茅n茅ficiaire totale d茅clar茅e 脿 967 289 actions apr猫s les op茅rations.
Jonathan Robert Bates, CEO und Direktor von BitMine Immersion Technologies, Inc. (BMNR), meldete 脛nderungen an seiner wirtschaftlichen Beteiligung nach der Aufl枚sung eines Investmentfonds. Am 26.08.2025 erhielt Bates Aussch眉ttungen von Stammaktien, die zuvor von Innovative Digital Investors Emerging Technology LP (IDI) gehalten wurden. Davon gingen 362.044 Aktien an Progression Asset Management Corporation (PAMC), eine von ihm zu 100 % gehaltene Einheit; Bates bestreitet jedoch die wirtschaftliche Sph盲re 眉ber 110.000 dieser Aktien, die dritten Rechten unterliegen, und meldet somit eine direkte wirtschaftliche Beteiligung von 252.044 Aktien 眉ber PAMC. In den gleichen Aussch眉ttungen sind au脽erdem 96.818 Aktien bei BFAM Partners, LLC und 15.427 Aktien in einem IRA-Konto verzeichnet, womit sich seine insgesamt gemeldete wirtschaftliche Beteiligung nach den Transaktionen auf 967.289 Aktien bel盲uft.
FAQ
What did Jonathan Bates report on Form 4 for BMNR?
Were any shares purchased or sold in these transactions?
How many shares does Bates disclaim beneficial ownership of and why?
What entities hold the distributed shares reported on the Form 4?
On what date were the transactions reported?
