BMNP is trading 3.8% up at $84.12 after BitMine disclosed it holds 5.70 million ETH as part of a $9.8 billion treasury.
- The disclosure includes a total of $9.8 billion in crypto, cash, and moonshot assets.
- The stock's performance is primarily driven by the treasury update, as broader cryptocurrency prices remain relatively flat.
- U.S. equity indices are also trending higher, providing a supportive backdrop for the move.