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BitMine Scoops Up Over 300,000 ETH in One Week — Stock Soars 10% in Pre-Market Trading

TradingKey
AuthorBlock Tao
Aug 11, 2025 12:40 PM

TradingKey – On Monday, August 11, shares of BitMine Immersion Technologies (NYSE American: BMNR) surged more than 10% in pre-market trading, hitting $57, a one-month high. The rally follows BitMine’s aggressive accumulation of Ethereum (ETH), which has positioned the company as the largest ETH treasury in the world.

BMNR Stock Chart – Source: Google

BMNR Stock Chart – Source: Google

BitMine Now Holds Over 1.15 Million ETH

Over the past week, BitMine increased its ETH holdings from 833,137 to 1,150,263 tokens, a jump of nearly 317,000 ETH. The total value of its ETH treasury rose from $2.9 billion to $4.96 billion, based on an average ETH price of $4,311.

BitMine now controls approximately 0.95% of Ethereum’s circulating supply, far surpassing other major holders like SharpLink Gaming (SBET) and Ether Machine, according to data from the Strategic Eth Reserve.

Top ETH Holders – Source: Strategic Eth Reserve

Top ETH Holders – Source: Strategic Eth Reserve

Institutional Backing and Retail Momentum

BitMine’s crypto accumulation strategy is gaining traction among both institutional and retail investors:

  • South Korean retail investors have poured in $259 million into BitMine stock since July
  • Cathie Wood’s ARK Investment Management recently acquired 4.77 million shares, valued at $182 million

BitMine is now the third-largest crypto treasury globally, trailing only MicroStrategy and MARA Blockchain, and ranks as the 25th most liquid U.S. stock, trading an average of $2.2 billion per day.

TradingKey Stock Score
SharpLink Gaming Inc Key Insights:The company's fundamentals are relatively healthy. Its valuation is considered undervalued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. The company shows weak stock market performance, in line with its weak fundamentals and technicals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading. View Details >>
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