BitMine Stock Jumps as Tom Lee Predicts Year-End Institutional Crypto Rush

BitMine Immersion Technologies' (BMNR) stock price jumped 5.5% to $27.43 on Monday, driven by rising crypto prices and a strong performance from Ethereum (ETH-USD).

The token's value has surged over the past week, with BMNR shares up over 8.5%. This rise comes as BitMine continues its weekly ETH purchases under its treasury plan launched in June 2025.

BitMine has bought Ether almost every single week since launching its treasury plan, and this latest addition brings its total holding to 5.98 million tokens. The company now holds the largest corporate Ether position in the world.

Chairman Tom Lee believes big financial firms will soon jump back into crypto, citing Ethereum's impressive performance. With Ether beating the S&P 500 by over 65 percentage points since June, Lee expects institutions to boost their crypto positions in the final three months of the year.