Movement Alert|BitMine Immersion Technologies Rises 5.02% in Regular Trading, Crypto-Related Stocks Rebound After Heavy Sell-Off

Market Focus01:38

On May 21, BitMine Immersion Technologies rose 5.02% in regular trading, trading at $19.57/share, with trading volume of $305 million. The rebound follows multiple consecutive sessions of decline exceeding 5% and comes amid a broader recovery in crypto-related equities.

The bounce arrives after the company announced last week that it added 71,672 Ethereum tokens, bringing total holdings to 5,278,462 ETH — approximately 4.37% of total Ethereum supply — with crypto, cash, and other investment assets valued at roughly $12.6 billion. Over 89% of holdings are staked, generating an annualized staking yield of approximately $289 million. The company reiterated its Alchemy of 5% strategy targeting 5% of total ETH supply by year-end.

Separately, BlackRock disclosed in its Q1 13F filing an increase of approximately 2.02 million BMNR shares, bringing total holdings to about 11.08 million shares valued at $219 million — signaling continued institutional confidence despite recent volatility. Within the Application Software sector, IREN Ltd rose 10.56%, Strategy rose 2.52%, while Salesforce fell 0.87% and Intuit fell 3.73%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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