BitMine Immersion (BMNR) Surges 18.9% on Record ETH Holdings and $11.2B Treasury Expansion

Summary
• BitMine Immersion (BMNR) surges 18.9% intraday to $30.92, driven by record 3.63M ETH holdings and $11.2B crypto/cash treasury
• Company announces 54K ETH purchase ($173M) and plans to launch 'Made-in-America Validator Network' (MAVAN) in Q1 2026
• Institutional backing from ARK, Founders Fund, and Tom Lee fuels liquidity, with BMNR now 48th most traded U.S. stock

BitMine Immersion’s stock erupted in a historic 18.9% intraday rally, fueled by a $173M Ethereum accumulation and strategic pivot to staking infrastructure. The company’s crypto treasury now holds 3.63M ETH (2.9% of supply) and $800M in unencumbered cash, positioning it as the largest Ethereum treasury globally. With the stock trading at $30.92 (up from $26.46 intraday low), market participants are recalibrating risk/reward dynamics as BMNR’s MAVAN staking network nears deployment.

Ethereum Accumulation and Staking Strategy Ignite Bullish Momentum
BitMine’s 18.9% surge stems from a $173M Ethereum purchase (54K ETH) and strategic announcements around its 'Made-in-America Validator Network' (MAVAN). The company’s treasury now holds 3.63M ETH (2.9% of supply) and $800M in cash, with Chairman Tom Lee emphasizing Ethereum’s 'supercycle' potential. Institutional backing from ARK’s Cathie Wood and Founders Fund, combined with BMNR’s 48th rank in U.S. trading liquidity ($1.4B daily volume), amplified market confidence. The stock’s explosive move reflects investor optimism about MAVAN’s Q1 2026 launch, which aims to monetize ETH holdings via staking yields, and the company’s 5% ETH acquisition target.

Blockchain Sector Volatility Amplified by BMNR’s ETH Leverage
The blockchain sector remains fragmented, with Strategy (MSTR) up 4.16% on Bitcoin ETF inflows, while BMNR’s 18.9% surge highlights Ethereum treasury-specific momentum. Unlike MSTR’s Bitcoin-centric model, BMNR’s 2.9% ETH stake and MAVAN staking infrastructure create asymmetric exposure to Ethereum’s price action. As ETH struggles near $2,800, BMNR’s leverage to a potential rebound—via both asset appreciation and staking yields—positions it as a high-conviction play within the sector.

Options Playbook: Capitalizing on BMNR’s Volatility and Staking Catalyst
• MACD: -5.91 (bearish divergence), Signal Line: -4.64, Histogram: -1.27 (negative momentum)
• RSI: 24.42 (oversold), Bollinger Bands: $23.32–$55.20 (wide range), 30D MA: $43.43 (above price)

BMNR’s technicals suggest a short-term rebound after the 18.9% surge, with key support at $26.46 (intraday low) and resistance at $31.18 (intraday high). The stock’s 24.42 RSI and 19.85% turnover rate indicate oversold conditions and strong liquidity, favoring a continuation of the rally. Aggressive bulls should target BMNR20251128C30 and BMNR20251128C31 for leveraged exposure.

BMNR20251128C30 (Call, $30 strike, Nov 28):
• IV: 85.49% (high volatility)
• Leverage Ratio: 15.24% (moderate)
• Delta: 0.695 (high sensitivity)
• Theta: -0.2705 (rapid time decay)
• Turnover: $1.5M (liquid)
• Gamma: 0.1114 (responsive to price swings)
• Payoff at 5% upside ($32.47): $2.47/share
This contract offers optimal leverage for a 5% price move, with high gamma ensuring rapid premium gains if BMNR breaks above $30.50.

BMNR20251128C31 (Call, $31 strike, Nov 28):
• IV: 88.02% (high volatility)
• Leverage Ratio: 20.93% (aggressive)
• Delta: 0.5718 (moderate sensitivity)
• Theta: -0.2606 (rapid decay)
• Turnover: $463K (liquid)
• Gamma: 0.1213 (high responsiveness)
• Payoff at 5% upside ($32.47): $1.47/share
This option balances leverage and liquidity, ideal for a breakout above $31.50 ahead of MAVAN’s Q1 2026 launch.

Action: Aggressive bulls should buy BMNR20251128C30 into a break above $30.50, while hedgers may short BMNR20251128P32 for downside protection.

Backtest BitMine Immersion Stock Performance
It looks like the event-detection scan we just ran did not return any trading days on which BMNR.A showed an intraday price surge of at least 19 %. Because the resulting event-date list was empty, the event back-test engine could not calculate any statistics and raised the “empty sequence” error you saw.Possible ways forward:1. Verify / relax the surge definition • If you would accept a slightly lower trigger (say 15 % or even 10 %), we can rerun the scan and back-test again. • Or, if you would like to define the surge relative to the day’s opening price instead of the previous close, we can adjust the detection rule accordingly.2. Pick a different angle • Rather than an event study, we could frame it as a strategy back-test (e.g., “buy at today’s close whenever the intraday high exceeds the open by ≥19 %, hold for N days, apply stops…”) and analyse the P&L path and risk metrics in that way.Please let me know which option you prefer, or supply any rule tweaks. Once I have the revised threshold/definition I’ll regenerate the event dates and deliver the complete performance report.

BMNR’s 18.9% Surge: A Catalyst-Driven Inflection Point
BitMine Immersion’s 18.9% intraday surge reflects a perfect storm of Ethereum accumulation, institutional backing, and staking infrastructure momentum. With 3.63M ETH in treasury and MAVAN deployment imminent, the stock’s leverage to Ethereum’s potential rebound—via both price appreciation and staking yields—creates asymmetric upside. Investors should monitor the $31.18 intraday high as a critical resistance level and watch for a 5% ETH rebound to $2,985, which could trigger a BMNR retest of $35. Meanwhile, Strategy (MSTR)’s 4.16% gain underscores sector-wide optimism, but BMNR’s Ethereum-specific thesis offers a higher-conviction trade for those bullish on the 'supercycle' narrative.