BMNR is trading at $22.92 (+4.76%) following a major operational update regarding its massive Ethereum treasury.
- Bitmine announced its ETH holdings have reached 5.18 million tokens—over 4.29% of the total supply—with total assets now exceeding $13.1 billion.
- The stock is significantly outpacing the broader crypto market, including ETH’s modest +0.59% gain since the last close.
- Investors are focusing on the company's leveraged sensitivity to Ethereum, which amplifies treasury updates and reinforces its status as a dominant institutional holder.