Bitmine Immersion Technologies, Inc.
(NYSE:BMNR) stock surged over 11% on Monday following disclosures regarding its cash and cryptocurrency asset reserves, common stock repurchase activity and Ethereum (CRYPTO: ETH) staking operations.
The Nasdaq is down 0.11% while the S&P 500 has gained 0.24%.
Bitmine reported total holdings of $11.8 billion across crypto, cash, marketable securities, and strategic equity positions as of Monday.
The holdings include 5,787,414 Ethereum tokens—representing 4.8% of the global ETH supply—valued at $1,948 per token.
