BMNR Stock Surges as BitMine Nears 5% Target with $14.3B ETH Holdings

BitMine Immersion Technologies [BMNR] stock has continued its upward trend after adding another 32,447 Ethereum [ETH] to its treasury. This move brings BitMine's total ETH holdings to 5.85 million, representing approximately 4.8% of Ethereum's circulating supply.

At current prices, the tokens are worth about $14.3 billion. BitMine's total holdings now stand at $14.9 billion, including 210 Bitcoin and $308 million in cash and marketable securities.

The company has staked 5.07 million ETH, which it estimates could generate around $330 million in annual revenue at current prices.