Bitmine Immersion Technologies (BMNR) started 2026 with significant momentum, gaining 23% over the first two trading days. This rally follows a rebound in the broader cryptocurrency market.
Bitcoin climbed above $94,000, and Ethereum surpassed $3,200, boosting sentiment for crypto-related equities.
The stock’s rise also links to recent company news. On January 5, BMNR acquired an additional 32,977 Ethereum, increasing its total holdings to nearly 4.14 million ETH.
Separately, Chairman Tom Lee urges shareholders to approve a proposal at the annual meeting on January 15. The proposal seeks to substantially increase the number of authorized shares, a move aimed at funding future acquisitions and enabling potential stock splits.