Bitmine Immersion Technologies (NYSE:BMNR) surged 7.5% to $20.91 after buying 71,252 ETH last week—the fastest pace since December—as the stock uplists to NYSE on April 9.

The Accumulation Blitz

Chairman Tom Lee framed the buying as a bet that Ethereum is in “the final stages of the mini-crypto winter.”

Total crypto and cash holdings now stand at $11.4 billion, including $864 million in cash, 198 BTC, and stakes in Beast Industries and Eightco Holdings (NASDAQ:ORBS). 

The ORBS position gives Bitmine one of the only publicly listed exposures to OpenAI.

Bitmine now owns 3.98% of Ethereum’s 120.7 million circulating supply, putting it 79% of the way to its “Alchemy of 5%” target…

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U.S. stocks rose Monday, with gains led by energy and growth-sensitive sectors as investors weighed ongoing conflict in Iran against firm economic data. 

The S&P 500 Energy index climbed as crude futures held near recent highs, well above the psychologically important $100 level, while broader sector gauges showed modest advances for tech and financials.

President Donald Trump has set a deadline of Tuesday evening for Iran to reopen the Strait of Hormuz or face large‑scale strikes on power plants, bridges and other infrastructure. 

Tehran has so far rejected U.S. ceasefire and reopening proposals, keeping markets on edge over whether the deadline brings de‑escalation or a major…

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Holdings Surge to $11.4 Billion

On Monday, BitMine said its total crypto, cash, and “moonshot” holdings reached $11.4 billion, driven by a growing Ethereum treasury and continued accumulation.

The company will uplist from the NYSE American to the New York Stock Exchange on April 9, 2026, maintaining its ticker “BMNR.”

The firm added it acquired 71,252 ETH in the past week, marking its fastest buying pace since late 2025.

Ethereum Positioned as ‘Wartime’ Asset

Chairman Thomas “Tom” Lee said Ethereum has outperformed traditional assets amid ongoing geopolitical tensions, positioning it as a “wartime store of value.”

Bitmine also launched MAVAN, its institutional staking platform, with 3.3…

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• BTC Digital stock is feeling bearish pressure. What’s behind BTCT decline?

Project Development and Scope

BTC Digital has entered into an agreement with Aurora Energy Ltd. to develop an off-grid natural gas-powered computing infrastructure project in Alberta, Canada. 

The project’s first phase will develop a 5–10 MW off-grid facility using stranded natural gas for on-site power to support high-performance computing.

The infrastructure will initially serve Bitcoin mining, with plans to expand into AI, data centers and other computing applications.

BTC Digital will contribute mining equipment, operational expertise, and digital infrastructure, while preparing to integrate AI…

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Bitcoin (CRYPTO: BTC) climbed over 4% in 24 hours to nearly $70,000 after a Reuters report suggested a U.S.-Iran ceasefire plan could come into effect Monday, potentially reopening the Strait of Hormuz.

The Ceasefire Catalyst

The ceasefire push is being described as a last-ditch effort to prevent the “massive strikes on Iranian civilian infrastructure” President Trump threatened over the weekend. 

OPEC agreed to increase oil output quotas by 206,000 barrels per day for May, a symbolic effort to relieve energy market stress.

However, recent ceasefire headlines citing unidentified sources have proven unreliable, often being debunked or rejected by Iran. 

If that pattern repeats, markets…

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Is it a good thing that bitcoin ISN’T being held by nation-states?A month in- where are we at?

As last week’s article more thoroughly laid out, we’re currently in the midst of the single-worst energy crisis of not only our lifetimes, but in world history [IEA]. That crisis is coming as the result of a full-blown regional war in the Middle East.

Not knowing anything other than that, one would expect oil (given the fundamentals of the situation) would be expected to be in the $150 area and neutral reserve assets like gold should be strong, the stock market to be down massively and Bitcoin, not-yet widely adopted as a neutral reserve asset, would likely be quite weak given its high beta to…

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The Accumulation Machine

Last week’s purchases were mostly funded through $227.3 million in sales of the company’s STRC preferred stock. The remainder came from $72 million in common stock sales.

A CryptoQuant report flagged Strategy’s 30-day accumulation at roughly 44,000 BTC through late March, making it one of only two institutional channels absorbing supply at scale alongside spot ETFs, which purchased approximately 50,000 BTC over the same period.

At 766,970 BTC, Strategy holds roughly 3.8% of Bitcoin’s total circulating supply of 20.01 million coins and remains by far the largest corporate holder of the asset.

The $5 Billion Underwater Position

Strategy has spent roughly $58.02…

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