BMNR is trading at 6.52% up now at $30.83 after rebounding from a 12.62% drop on December 1, 2025. The stock's significant gain today is driven by BitMine Immersion Technologies' aggressive Ethereum purchases, including a recent acquisition of approximately 97,000 ETH, boosting its total holdings to about 3.73 million ETH. This move signals strong confidence in the upcoming Ethereum Fusaka upgrade scheduled for December 3, 2025, and the company's robust financial position with substantial digital asset reserves and institutional backing. Despite recent crypto market volatility and a sharp ETH price decline, BitMine's fundamentals, including $882 million in unrestricted cash and high profitability, underpin investor optimism. The stock's rebound also reflects a potential short squeeze after heavy recent selling, with traders responding to the company's strategic positioning in the crypto infrastructure space.