BMNR is trading at $27.66, up 6.4% during Monday's session as Bitmine Immersion Technologies purchased an additional 28,625 ETH worth $82.11 million, continuing its aggressive accumulation strategy[1][2]. This purchase follows another $60 million ETH buy from the previous day, totaling over $140 million in Ethereum acquired within 48 hours[2]. The stock's rally is also fueled by broader market optimism surrounding a potential December Federal Reserve rate cut, with odds now at 75% following comments from Fed Chair Jerome Powell[3]. Institutional ownership has surged from 10 million to 100 million shares in just four weeks, signaling strong institutional confidence despite the stock's 50% monthly decline[1][2]. The company now controls over 3.5 million ETH, representing roughly 3% of Ethereum's total circulating supply[2].