The post BitMine stock spikes as Ethereum reserves hit 60% of targeted level appeared on BitcoinEthereumNews.com. Key Takeaways BitMine Immersion Technologies has reached 60% of its goal to accumulate 5% of all Ethereum. BMNR stock surged nearly 20% after disclosing it now holds over 3.6 million Ethereum. Shares of BitMine Immersion Technologies (BMNR), the world’s largest corporate Ethereum treasury led by Thomas “Tom” Lee, jumped nearly 20% into Monday’s close after the company reported a fresh increase in its ETH holdings, per Yahoo Finance. According to its latest disclosure, BitMine now controls over 3.6 million ETH, representing about 3% of the total supply. The company has now reached 60% of its goal to accumulate 5% of all Ethereum. Monday was broadly supportive for crypto equities as well. Strategy (MSTR) gained 5%, Coinbase (COIN) climbed 6%, and MARA Holdings (MARA) surged 11%. Despite a 38% slide over the past month, BMNR is still one of the best performers of 2025, sitting on an estimated 330% year-to-date gain and outperforming nearly all crypto-related indices. BitMine has continued to accumulate Ethereum through both uptrends and drawdowns. Commenting on the recent market weakness, Lee stated that it is consistent with the liquidity deterioration seen since early October and bearish chart signals. “A few weeks ago, we noted the likely downside for ETH prices would be around $2,500, and current ETH prices are basically there. This implies asymmetric risk/reward as the downside is 5% to 7%, while the upside is the supercycle ahead for Ethereum,” he noted. BitMine delivered robust FY25 results with $328 million in net income. The company plans to initiate Ethereum staking through its new MAVAN infrastructure in Q1 2026, following pilot tests with leading institutional staking providers. Source: https://cryptobriefing.com/ethereum-accumulation-goal-bitmine-stock/The post BitMine stock spikes as Ethereum reserves hit 60% of targeted level appeared on BitcoinEthereumNews.com. Key Takeaways BitMine Immersion Technologies has reached 60% of its goal to accumulate 5% of all Ethereum. BMNR stock surged nearly 20% after disclosing it now holds over 3.6 million Ethereum. Shares of BitMine Immersion Technologies (BMNR), the world’s largest corporate Ethereum treasury led by Thomas “Tom” Lee, jumped nearly 20% into Monday’s close after the company reported a fresh increase in its ETH holdings, per Yahoo Finance. According to its latest disclosure, BitMine now controls over 3.6 million ETH, representing about 3% of the total supply. The company has now reached 60% of its goal to accumulate 5% of all Ethereum. Monday was broadly supportive for crypto equities as well. Strategy (MSTR) gained 5%, Coinbase (COIN) climbed 6%, and MARA Holdings (MARA) surged 11%. Despite a 38% slide over the past month, BMNR is still one of the best performers of 2025, sitting on an estimated 330% year-to-date gain and outperforming nearly all crypto-related indices. BitMine has continued to accumulate Ethereum through both uptrends and drawdowns. Commenting on the recent market weakness, Lee stated that it is consistent with the liquidity deterioration seen since early October and bearish chart signals. “A few weeks ago, we noted the likely downside for ETH prices would be around $2,500, and current ETH prices are basically there. This implies asymmetric risk/reward as the downside is 5% to 7%, while the upside is the supercycle ahead for Ethereum,” he noted. BitMine delivered robust FY25 results with $328 million in net income. The company plans to initiate Ethereum staking through its new MAVAN infrastructure in Q1 2026, following pilot tests with leading institutional staking providers. Source: https://cryptobriefing.com/ethereum-accumulation-goal-bitmine-stock/