Stock Track | BitMine Immersion Technologies Soars 7.45% Pre-Market on Massive Ethereum Holdings Announcement

Stock Track

2025/10/13

Shares of BitMine Immersion Technologies Inc. (BMNR) surged 7.45% in pre-market trading on Monday, following the company's announcement of substantial cryptocurrency holdings. The stock's significant uptick comes amid a broader rally in cryptocurrency-linked equities.

In a statement released early Monday, BitMine Immersion revealed that its Ethereum (ETH) holdings now exceed 3.03 million tokens. Moreover, the company disclosed that its total cryptocurrency and cash holdings amount to an impressive $12.9 billion. This substantial crypto treasury position places BitMine Immersion among the top institutional holders of digital assets, particularly Ethereum.

The pre-market rally in BMNR stock aligns with a broader uptrend in crypto-related stocks. Other major players in the space, including Strategy Inc. (MSTR), Coinbase Global Inc. (COIN), and MARA Holdings Inc. (MARA), are also seeing gains in early trading. This sector-wide movement comes as major cryptocurrencies, including Bitcoin and Ethereum, recover from recent market volatility, with Bitcoin trading above $115,000 and Ethereum surpassing $4,100.

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