Bitmine Immersion Technologies Inc. (BMNR) saw a 12.07% jump on Friday, closing at $53.49 per share as investors embraced Ethereum’s record high surge. The cryptocurrency hit a new high of $4,866 during the session, reflecting a broader rally in both crypto and stocks after hints of rate cuts by the Federal Reserve. As the largest ETH treasury holder, Bitmine’s cryptocurrency holdings have surged by 14%, with $6.612 billion worth of ETH and 192 Bitcoins in its treasury. Chairman Thomas Lee believes Ethereum is a significant macro trade for the future, driving transformation in the financial system.

Read more at Yahoo Finance: Bitmine (BMNR) Jumps 12% as ETH Soars to New High