BitMine Immersion Technologies (BMNR) traded up 0.40% to $29.02 as the broader cryptocurrency market stabilized, supported by the company's ongoing strategy to acquire and manage Ethereum as its primary treasury reserve asset.
- The company recently received shareholder approval to increase the authorized share count, supporting future growth initiatives.
- The positive movement occurred amid tailwinds from the crypto sector, with Bitcoin gaining 1.11% to $89,939 and Ethereum rising 0.82%.