Movement Alert｜BitMine Immersion Technologies Inc. Rises 5.01% in Regular Trading, Crypto Sector Broadly Rallying

Market Focus08-18 00:04

On August 18, BitMine Immersion Technologies Inc. rose 5.01% in regular trading, trading at $18.905 per share, with turnover of $304 million. The rally aligns with broad strength across the cryptocurrency sector, with fellow crypto-treasury company Strategy gaining 5.2% in the same session.

As one of the largest corporate holders of Ethereum, BitMine has accumulated approximately 5.54 million ETH — representing 4.6% of circulating supply — through over 50 equity issuances that raised $19.2 billion since mid-last year, at a weighted average cost of roughly $3,526 per coin. The company most recently completed a $273.8 million preferred stock offering in June. B. Riley maintains a Buy rating with a $25 price target, while 10x Research has highlighted the stock's embedded call-option value on any ETH recovery. The stock currently trades at a price-to-book ratio of 0.94, suggesting a slight discount to net asset value.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Rises 5.01% in Regular Trading, Crypto Sector Broadly Rallying\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-08-18 00:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On August 18, BitMine Immersion Technologies Inc. rose 5.01% in regular trading, trading at $18.905 per share, with turnover of $304 million. 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