BitMine Immersion shares surge 17.96% after-hours as Ethereum price rebound boosts crypto treasury holdings.

BitMine Immersion Technologies (BMNR) surged 17.96% in after-hours trading, driven by recent announcements of a $0.01 annual dividend and a significant increase in Ethereum holdings to 3.63 million tokens. The company’s updated crypto and cash holdings reached $11.2 billion, signaling confidence in Ethereum’s long-term potential. These developments align with positive market sentiment around the stock’s strategic focus on Ethereum staking and its newly launched "Made-in-America Validator Network," set to commence in early 2026. While earlier news highlighted volatility tied to Ethereum’s price swings and leadership changes, the after-hours rally reflects investor optimism about the firm’s crypto treasury model and operational milestones.