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Bitmine (BMNR) Soars 24% on Easy $423-Million Unrealized Gain From ETH's Jump to $4K Level

By Angelica Ballesteros | August 09, 2025, 10:14 AM

We recently published 10 Stocks with Eye-Popping Gains; 5 Jump to New Highs. Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) is one of the best-performing stocks on Friday.

Bitmine Immersion extended its winning streak to a fourth consecutive day on Friday, soaring 24.59 percent to close at $51.43 apiece, as investors gobbled up shares following Ethereum’s rally past the $4,000 level that easily translated to as much as $423 million in gains. Investors were quick to load up positions in Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) after announcing on Monday that it is now the world’s largest Ethereum treasury holder to date.
Bitmine (BMNR) Soars 24% on Easy $423-Million Unrealized Gain From ETH's Jump to $4K Level
This followed the acquisition of worth $3 billion Ethereum coins, involving 833,137 units at an average price of $3,491.86. The transaction was made in just more than 30 days after announcing its ETH Treasury strategy in June this year. From the average acquisition price, Bitmine Immersion Technologies, Inc.’s (NYSEAmerican:BMNR) ETH ownership already translates to gains of more than $423 million. Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) claims to be the third largest cryptocurrency treasury holder to date, next to Strategy Inc. (NASDAQ:MSTR) and MARA Holdings Inc. (NASDAQ:MARA). It said it plans to bolster its treasury of ETH to up to 5 percent of the total supply.

While we acknowledge the potential of BMNR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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