Crypto

BMNR Soars 13% as Bitcoin Surpasses $68,000

Guavy AI Editorial Team Published August 19, 2026

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Shares of BitMine Immersion Technologies (BMNR) surged 13% on Wednesday to $20.72, following Bitcoin's push past $68,000 for the first time in months.

The company maintains a substantial Ethereum position, holding 5.82 million ETH tokens, which represents 4.8% of Ethereum's total supply.

BitMine's treasury stands at $11.4 billion, with cryptocurrency assets accounting for a significant portion.

The rally was driven by a broader recovery from summer lows, potentially aided by the SEC's proposed 'Regulation Crypto Assets' framework.

Chairman Tom Lee believes digital assets are more relevant today due to AI and robotics advancements, calling Ethereum 'the most important L1'.

In addition to its Ethereum holdings, BitMine has been actively repurchasing shares under its $4 billion authorization, with over 20.8 million shares bought back.

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