BitMine Immersion Technologies Inc. (BMNR) stock surges 5% after Ethereum purchase, setting the stage for a potential 120% move
ByAinvest
Monday, Oct 27, 2025 12:49 pm ET1min read
ETH--
BMNR stock rose 5% after the company announced a record Ethereum purchase, increasing its ownership to 2.8% of Ethereum's supply. The move is seen as bullish for crypto-linked equities and Ethereum. The stock is nearing the apex of a symmetrical triangle and a breakout above $58 could trigger a run toward $70 and potentially $130-$135. Institutional backers include Cathie Wood, Founders Fund, and Pantera Capital.
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