12.08.2025 14:01

BitMine Immersion (BMNR), a blockchain technology firm listed on the NYSE, has experienced a remarkable surge in its stock price, climbing nearly 90% in just five days. This dramatic increase follows a significant expansion of the company's Ethereum (ETH) holdings.

The company's ETH portfolio has grown substantially, increasing from 833,137 tokens to over 1.15 million in a single week. This impressive acquisition now values BMNR's ETH holdings at over $4.96 billion, making it the world's largest Ethereum treasury. The pre-market price currently stands at $60.23.

Driving this growth is an ambitious plan, dubbed "the alchemy of 5%," aiming for BitMine to own 5% of the total Ethereum supply. This bold strategy has attracted significant institutional backing, with prominent investors such as Founders Fund, Kraken, and Digital Currency Group now supporting the company.

Further fueling the momentum, legal expert John E. Deaton forecasts BitMine's rapid ascent to become the second-largest cryptocurrency treasury globally within the next month, surpassing all but Michael Saylor's Strategy (MSTR). This prediction highlights the remarkable success of BitMine's aggressive cryptocurrency accumulation strategy, mirroring the recent gains seen by MSTR.

Adding to the impressive performance, BMNR's trading volume has skyrocketed, propelling it into the top 25 most liquid stocks in the U.S. An average daily trading volume exceeding $2.2 billion over the past week has even outperformed financial giants like JPMorgan (JPM), underscoring the significant market interest in BitMine's activities. This surge is further amplified by comments from BitMine Board Chairman and Fundstrat co-founder, Thomas "Tom" Lee, who highlighted this liquidity on social media. Information sourced from internet resources.