BitMine shares rise 8% as Ethereum rebounds
- —BMNR gained about 8% to $25.77, while the S&P 500 fell 0.44%
- —Ethereum rose 4.62% to $2,558, supporting the company's shares
- —Eightco Holdings disclosed $380 million in assets, including a $90 million indirect stake in OpenAI
- —BMNR is trading above its 20-, 50-, 100- and 200-day moving averages
Why it matters: BMNR's gain shows crypto treasury companies remain highly sensitive to ETH moves, while the options market is pricing in further upside.
Source: Blockonomi