Bitmine Immersion Technologies (BMNR) rallied 7.17% to $33.42, continuing momentum following a recent 'Overweight' initiation by Cantor Fitzgerald and strong performance driven by its unique Ethereum-centric treasury strategy.
- The Jan 14 shareholder vote seeks approval to increase authorized shares from 500 million to 50 billion to support future capital raises and acquisitions.
- BMNR maintains its position as the world's largest Ethereum treasury, holding 4.144 million ETH tokens.
- Analyst consensus remains a 'Strong Buy' with a price target of $47.