BitMine Surges 1.85 as Trading Volume Slumps to $1.21 Billion Ranking 51st Amid Ethereum Expansion and ARKs $4.4M Buy-In

Generated by AI AgentAinvest Volume Radar
Tuesday, Sep 9, 2025 8:10 pm ET1min read
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Aime RobotAime Summary

- BitMine Immersion (BMNR) rose 1.85% as trading volume dropped to $1.21B, ranking 51st, following ARK Invest's $4.4M share purchase boosting its holdings to $284M.

- The company now holds 2.069M ETH ($9B), reinforcing its status as a top corporate treasury holder under its Ethereum accumulation strategy.

- Chairman Tom Lee emphasized a "Moonshot strategy" allocating 1% of assets to Ethereum ecosystem investments, including a $20M Eightco Holdings stake and optimism about Fed rate cuts.

- ARK Invest sold Robinhood shares post-gain, while BitMine's 1.7% ETH supply control and institutional backing suggest potential momentum amid stable ETH prices near $4,946.

On September 9, 2025, , , ranking 51st in the market's volume hierarchy. , , . This move aligns with BitMine’s broader EthereumETH-- accumulation strategy, , , reinforcing its position as a top corporate treasury holder.

BitMine’s chairman reiterated confidence in Ethereum’s long-term potential, . , which plans to adopt Worldcoin as a primary asset. Lee also emphasized optimism around potential Federal Reserve rate cuts, .

, . Meanwhile, BitMine’s strategic focus on Ethereum treasury expansion continues, . .

Backtest results for a cross-sectional strategy—buying the top 500 high-volume stocks daily and holding one day—remain unfeasible in current environments due to limitations in intraday data and portfolio-level simulations. Alternative approaches include narrowing the universe to single-ticker volume spikes or using ETFs as proxies for large-cap exposure.

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