BMNR surged 17.64% to close at $20.47, driven by a significant recovery in the broader cryptocurrency market, which saw Ethereum and Bitcoin post gains exceeding 16%.
- Analyst consensus remains bullish, setting average price targets between $43 and $47, implying a 50% upside potential supported by the company's self-sustaining staking revenue model.
- As a digital asset treasury focused on Ethereum staking, BMNR's performance is highly correlated with ETH price movements.
- The stock extended gains in after-hours trading, rising an additional 1.47% to $20.77.