Crypto
Ethereum Surge Sends BitMine Stock Soaring
BitMine Immersion Technologies Inc. (NYSE:BMNR) shares are rising on Thursday, following a 1.49% increase in Ethereum's price to $2,450.60 over the last 24 hours.
The stock's growth is also attributed to Eightco Holdings Inc.'s (NASDAQ:ORBS) update on its total holdings, which revealed approximately $380 million in assets.
Eightco reported holding a $90 million indirect investment in OpenAI and an $18 million stake in Beast Industries, as well as 301,971,219 Worldcoin tokens valued at 37 cents each and 16,278 Ethereum.
The technical analysis suggests that BMNR is still in 'rebuild mode' after a 12-month slide of 58.66%, but the intermediate trend has improved with price holding above the 50-day, 100-day, and 200-day moving averages.