Why Is BitMine Immersion Stock Surging Monday?
BitMine Immersion Technologies Inc. (NYSE: BMNR ) stock rose more than 5% in Monday’s premarket trading as cryptocurrency prices climbed and the company disclosed a larger Ethereum treasury. Bitcoin (CRYPTO: BTC) jumped 5.5% over the past 24 hours to $85,262.62. Ethereum (CRYPTO: ETH) gained 5.9% to $2,728.49. Broader market sentiment was also positive. Nasdaq futures rose 0.93%, while S&P 500 futures gained 0.65%. BitMine Ethereum Holdings Approach 6 Million Tokens BitMine said Monday that its Ethereum holdings reached 5,983,940 tokens as of Sept. 20. At an Ethereum price of $2,688, the position represented about 4.9% of the cryptocurrency’s 122.1 million-token supply. The company reported $17.1 billion in total crypto, cash, marketable securities and other investments. That included 212 Bitcoin, $714 million in cash and marketable securities, a $180 million stake in Beast Industries and a $105 million stake in Eightco Holdings Inc. (NASDAQ: ORBS ). BitMine said it has staked 5.07 million Ethereum tokens worth about $13.6 billion. That represents roughly 85% of its Ethereum holdings. The company estimated annualized staking revenue of about $357 million. Its seven-day annualized s
BitMine Immersion Technologies Inc. (NYSE: BMNR ) stock rose more than 5% in Monday’s premarket trading as cryptocurrency prices climbed and the company disclosed a larger Ethereum treasury. 62. 49.
Broader market sentiment was also positive. 65%. BitMine Ethereum Holdings Approach 6 Million Tokens BitMine said Monday that its Ethereum holdings reached 5,983,940 tokens as of Sept. 20.
1 million-token supply. 1 billion in total crypto, cash, marketable securities and other investments. That included 212 Bitcoin, $714 million in cash and marketable securities, a $180 million stake in Beast Industries and a $105 million stake in Eightco Holdings Inc. (NASDAQ: ORBS ).
6 billion. That represents roughly 85% of its Ethereum holdings. The company estimated annualized staking revenue of about $357 million. 62%.
Chairman Tom Lee said BitMine acquired another 27,562 Ethereum tokens during the past week. He also said he expects institutional crypto exposure to increase during the final quarter of 2026. See More: Top Value Stocks Technical Analysis BMNR remains above its major moving averages despite signs that near-term momentum has cooled. 08.
However, MACD remains below its signal line, while the histogram is negative. That suggests recent upside momentum has weakened. 50. Support is around $23, close to key moving-average levels.
80. ETF Exposure BMNR is held by several crypto-focused funds, including the Corgi Crypto Infrastructure ETF (NASDAQ: BLCK ), Bitwise Crypto Industry Innovators ETF (NYSE: BITQ ) and Global X Blockchain ETF (NASDAQ: BKCH ). 34 in Monday’s premarket trading, according to Pro data. Photo via Shutterstock Read Also: Will Howie Buffett Keep Berkshire Ahead of the S&P 500?
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