Why Bitmine Immersion Technologies (BMNR) Stock Skyrocketed Today
Posted On December 2, 2025
Bitmine Immersion Technologies Inc (NYSE:BMNR) rallied sharply on Tuesday, closing up 10.26% at $31.91. The surge effectively reversed Monday’s losses, driven by a 6.5% recovery in Ethereum (CRYPTO: ETH), which climbed toward $2,986 ahead of a major network event. Here’s what investors need to know.
- BMNR shares are powering higher on strong volume. Get the complete picture here.
What to Know: BitMine’s stock price is closely linked to Ethereum due to its aggressive corporate strategy. As the largest corporate Ethereum treasury globally, the company now holds 3.73 million Ethereum tokens, representing more than 3% of the total circulating supply. This concentration makes BitMine’s stock function less like a traditional …
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