On July 2, BitMine Immersion Technologies rose 5.69% in regular trading, trading at $15.1/share, with turnover of $93.10 million. The gain comes amid ongoing ETH accumulation and broad strength in crypto-related equities.

According to recent disclosures, Bitmine added 27,084 ETH last week, bringing total holdings to 5,700,040 ETH. The company has been aggressively expanding its Ethereum position, with on-chain data earlier showing three wallets linked to Bitmine receiving 75,000 ETH (~$122 million) from Kraken and FalconX. As of late May, Bitmine held total crypto and cash positions of $12.3 billion, with 4.71 million ETH staked generating an estimated $276 million in annualized staking revenue.

The broader crypto sector showed notable strength, with peer Strategy rising 9.96% and Circle Internet up 8.62%. Institutional backing remains robust, with both BlackRock and ARK Invest having increased their BMNR positions in Q1. The company also expanded its share buyback program to $4 billion following its NYSE uplisting in April.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)