BitMine Immersion Technologies Inc. shares jumped this week after a steep rally on Friday, and traders kept the momentum into Monday.

According to company disclosures , BitMine reported holding 1.15 million ETH as of August 10, with that stash valued at $4.96 billion, up from roughly 833,137 ETH and nearly $3 billion just a week earlier. Markets have reacted fast.

Ethereum Momentum And Policy Push

Ether’s push above $4,200 over the weekend helped fuel interest in companies linked to crypto.

US President Donald Trump signed an executive order last week that opens the door for cryptocurrencies to be included in 401(k) retirement plans, and investors treated that as a bullish sign.

The mix of a rising ETH price and clearer policy signals appears to have amplified demand for BitMine s

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