Bitmine Immersion Technologies shares rose 4.64% to close at $21.42 following announcements of record crypto holdings totaling $10 billion and accelerating staking revenues.
- The company now holds 4.326 million ETH (representing 3.6% of the total supply), with projected annualized staking rewards expected to exceed $370 million.
- Weekly staking revenue surged 18%, supported by the strategic acquisition of 40,613 ETH to capitalize on recent market weakness.
- Despite high volatility and trading below its 20-day moving average, the stock has recovered significantly from its February 5 low of $17.40.