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Finbold 2025-08-12 13:18:21

This Bitcoin stock is up 90% in a week

BitMine Immersion (NYSE: BMNR) is once again capturing market attention as its Ethereum ( ETH ) holdings have surged from 833,137 to more than 1.15 million tokens in just one week. With an ETH portfolio valued at over $4.96 billion, the blockchain technology firm is currently the world’s largest Ethereum treasury. As a result of the inflows, BMNR shares have jumped nearly 90% over the past five days, sitting at $60.23 in pre-market at the time of writing. BMNR stock price. Source: Google Will BitMine own 5% of the total Ethereum supply? Thomas “Tom” Lee, BitMine Board Chairman and Fundstrat co-founder, describes the rapid buildup as part of the company’s goal to acquire 5% of the total Ethereum supply, a plan known as “the alchemy of 5%.” Institutional confidence appears to support the mission, with investors such as Founders Fund, Kraken , and Digital Currency Group now backing the company. At this rate, legal expert John E. Deaton predicts , BitMine is actually set to become the second-largest crypto treasury company overall in the next month, only behind Michael Saylor’s Strategy (NASDAQ: MSTR), whose crypto accumulation strategy has also been paying off as of late. At this rate, combined with Tom Lee’s grit and determination, I predict 30 days from now BitMine will be the #2 crypto treasury company in the world, only behind @saylor and @MicroStrategy . https://t.co/hCJJCbihmR — John E Deaton (@JohnEDeaton1) August 11, 2025 Lee also mentioned in a social media post that BMNR became one of the top 25 most liquid stocks in the U.S. based on trading volume. Indeed, the stock posted an average daily volume of $2.2 billion over the past week, which puts it ahead of the likes of JPMorgan (NYSE: JPM ). Featured image via Shutterstock The post This Bitcoin stock is up 90% in a week appeared first on Finbold .

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