Key Highlights
- Bitmine Immersion Technologies (BMNR) rose 6.44% intraday to $24.30 on August 24, up $1.47 from the previous close of $22.83.
- The stock’s intraday range was $23.23 to $24.46, with trading volume reaching 24.83 million shares.
- Bitmine reported $14.9 billion in combined cryptocurrency, cash, and other investments.
Ethereum-focused treasury firm Bitmine Immersion Technologies Inc. (BMNR) shares rose 6.44% to $24.30 during Monday’s trading session, up $1.47 from the previous close of $22.83.
According to Yahoo Finance data (on August 24 at 15:00 UTC), the stock opened at $23.60, and the trading volume reached 24,830,535 shares, compared with an average volume of 37,410,466. The one-day price chart showed an upward movement through the morning session, with the price rising from levels near the previous close toward the session high before settling at $24.30.
Why is BMNR up
The stock’s move came as Bitmine reported that its combined cryptocurrency, cash, and other investments totaled $14.9 billion.
The company also reported the purchase of 32,447 Ethereum (ETH) during the past week. Following these purchases, the total Ethereum treasury stood at 5.85 million ETH. The holdings were valued using a price of $2,440 per ETH.
According to the disclosure, the 5.85 million ETH position represented 4.8% of the circulating global supply of Ethereum. The company indicated that this level placed the holdings near a stated accumulation target of 5% of the circulating supply.
Ethereum price movement
At the time of this writing (on August 24 at 15:00 UTC), Ethereum was trading at $2,511.25. Over the preceding seven days, the price of Ethereum had increased by 31.8%.
The 24-hour range for Ethereum was reported between $2,425.59 and $2,528.81. Market capitalization for Ethereum stood at $302.953 billion, with a circulating supply of 120.682 million ETH. The seven-day price chart for Ethereum showed a rise beginning around August 20, followed by continued upward movement through August 24.
Additional trading details
Market capitalization for Bitmine Immersion Technologies was listed at $14.655 billion on an intraday basis. The 52-week range for the stock stood at $12.80 to $65.60. Other metrics included a beta of 1.30, earnings per share (TTM) of -4.50, and a one-year target estimate of $31.87. No bid or ask prices were displayed at the time of the data snapshot. The forward dividend yield was listed at 0.01 (0.04%).
The price data for BMNR reflected activity during the open market session on August 24, 2026. The Ethereum price data corresponded to the same date, showing the seven-day percentage change and the intraday range.
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