BitMine Immersion’s 700% Crypto-Fueled Surge: Will BMNR Stock’s $13B Ethereum Bet Boom or Bust?
BitMine Immersion Technologies (BMNR) surged 700% in 2025, peaking at $161 before falling to about $50 on Oct. 24. The company holds 3.24 million Ethereum—2.7% of all ETH—worth over $13 billion, and recently bought $1.5 billion more during a crypto crash. Trading volumes reached $2–3 billion daily, with high-profile investors backing the stock. Critics cite a $6 million annual revenue and a market cap in the tens of billions.