Bitmine stock crawls back as key catalysts point to an Ethereum price rally

cryptonews12-11

BitMine stock has crawled back in the past few days, moving from a low of $25.35 on Nov. 21 to the current $40 as its Ethereum accumulation strategy continued. Summary BitMine stock price has ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitmine stock crawls back as key catalysts point to an Ethereum price rally\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-11 23:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/bitmine-stock-crawls-back-ethereum-price-rally/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BitMine stock has crawled back in the past few days, moving from a low of $25.35 on Nov. 21 to the current $40 as its Ethereum accumulation strategy continued.\n\n\nSummary\n\n\n\nBitMine stock price has ...</p>\n\n<a href=\"https://crypto.news/bitmine-stock-crawls-back-ethereum-price-rally/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4601","symbol_name":"加密货币现货ETF","start_time":0,"source_url":"https://crypto.news/bitmine-stock-crawls-back-ethereum-price-rally/","article_id":"2590517883","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/bitmine-stock-crawls-back-ethereum-price-rally/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2590517883","pubTimestamp":1765465500,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"BitMine stock has crawled back in the past few days, moving from a low of $25.35 on Nov. 21 to the current $40 as its Ethereum accumulation strategy continued.BitMine stock price has risen gradually in the past few weeks.The potential Ethereum price rebound will likely boost the stock.Technical analysis suggests that ETH and BitMine stocks have more upside ahead.Tom Lee’s BitMine to benefit from an Ethereum price comeback. BitMine Immersion has grown from a small-cap Bitcoin  miner into the world’s largest Ethereum holder. It has purchased 359,228 coins over the past 30 days, bringing its total hoard to 3.864 million, now valued at over $12.36 billion.Key fundamentals and technicals point to an Ethereum price surge. First, data show that the supply of Ethereum on exchanges has continued to fall and is now at an all-time low.Ethereum still dominates other industries, including decentralized finance, non-fungible tokens, and stablecoins. In a recent statement, Kevin O’Leary predicted tha","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4601":"加密货币现货ETF","09179":"嘉实以太币-U","03009":"博时以太币","09046":"华夏以太币-U","03179":"嘉实以太币","FETH":"以太币ETF-Fidelity","ETH":"低成本以太坊ETF-Grayscale","03046":"华夏以太币","09009":"博时以太币-U","EZET":"以太坊ETF-Franklin","QETH":"以太坊ETF-Invesco Galaxy","BTC.AU":"Btc Health Ltd","CETH":"以太坊ETF-21Shares","BTC":"Grayscale Bitcoin Mini Trust","ETHV":"以太坊ETF-VanEck","BK1611":"加密货币现货ETF"},"translate_title":"比特矿股价回升，关键催化剂指向以太币价格上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03046":0.9,"09179":1.5,"QETH":1.5,"CETH":1.5,"09046":1.5,"ETHV":1.5,"03009":0.9,"BTC.AU":1,"BTC":1,"09009":1.5,"03179":0.9,"METHmain":1.5,"FETH":1.5,"ETH":1,"EZET":1.5},"content_text":"BitMine stock has crawled back in the past few days, moving from a low of $25.35 on Nov. 21 to the current $40 as its Ethereum accumulation strategy continued.\n\n\nSummary\n\n\n\nBitMine stock price has risen gradually in the past few weeks.\nThe potential Ethereum price rebound will likely boost the stock.\nTechnical analysis suggests that ETH and BitMine stocks have more upside ahead.\n\n\n\nTom Lee’s BitMine to benefit from an Ethereum price comeback \nBitMine Immersion has grown from a small-cap Bitcoin (BTC) miner into the world’s largest Ethereum holder. It has purchased 359,228 coins over the past 30 days, bringing its total hoard to 3.864 million, now valued at over $12.36 billion.\nKey fundamentals and technicals point to an Ethereum price surge. First, data show that the supply of Ethereum on exchanges has continued to fall and is now at an all-time low. \nETH supply is falling due to ongoing accumulation by exchange-traded funds, stakers, and digital asset treasury companies such as BitMine. Whale investors have continued to accumulate the coin, a sign that they expect it to rebound in the coming weeks.\nSecond, the Ethereum (ETH) price will likely benefit from the ongoing ecosystem growth. Data show that the network has become the most widely used chain in the growing real-world asset tokenization industry. It holds $12 billion in tokenized assets, giving it a significant market share in an industry with over $18.45 billion.\nEthereum still dominates other industries, including decentralized finance, non-fungible tokens, and stablecoins. In a recent statement, Kevin O’Leary predicted that most niche layer-2 and layer-1 networks will ultimately go to zero.\nTechnicals suggest that ETH price has more upside as it has formed a falling wedge pattern on the daily chart. This pattern often leads to more upside, which may push it higher in the near term.\nEthereum price chart | Source: crypto.news \nBitMine stock will likely rebound if Ethereum starts its recovery as the value of its coin rises. For example, a surge to its all-time high of $4,945 will bring the value of its Ethereum holdings from the current $12.36 billion to over $18 billion, higher than the current market cap of $17.2 billion.\nMeanwhile, unlike Michael Saylor’s Strategy, BitMine plans to monetize its Ethereum holdings through staking, which will yield a 2.9% annual return. BitMine expects this to be approximately $400 million a year. It will do that by launching its staking solution, MAVAN.\nBitMine stock price technical analysis \nThe daily timeframe chart shows that the BMNR stock price has rebounded from the November low of $25.35 to the current $40. It has now flipped the Supertrend indicator from red to green, which typically signals further upside.\nThe Relative Strength Index has moved from the oversold level of 28 to the current 55, a sign that it is gaining momentum.\nBMNR stock chart | Source: TradingView\nTherefore, the stock will likely continue to rise as bulls target the next key resistance level at $64.40, its highest level on October 7, which is about 58% above the current level.\n\n\n\n\n\n                Read more:\n            \n\n                Revolut, Trust Wallet integration brings instant self-custody crypto buys to EEA","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2590517883","isCrawlerRequest":true}