On October 2, T-REX 2x Long BMNR Daily Target ETF surged 9.86% in regular trading, trading at $23.36/share, with turnover of approximately $23.76 million. As a 2x leveraged product tracking BitMine Immersion Technologies (BMNR), the ETF amplified gains in the underlying stock driven by a broad crypto sector rally.

On the news front, Ethereum broke above $2,600 to reach an 8-month high, climbing nearly 7% within 24 hours, while Bitcoin approached $80,000. The rally lifted crypto concept stocks collectively, with BMNR rising over 9% and Strategy gaining over 5.7%. BitMine, which holds over 6 million ETH — approximately 4.9% of total circulating supply — is highly sensitive to ETH price movements. The company has continued its aggressive accumulation strategy, purchasing 32,500 ETH worth $83.45 million over recent weeks. Additionally, B. Riley raised its price target on BMNR to $34 from $30 while maintaining a Buy rating, reflecting growing institutional confidence in the company's ETH treasury strategy and staking revenue, which is projected at approximately $330 million annualized.

(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.)