BitMine Stock Tracks Ethereum Treasury as Pivot to Staking Gains Focus

BitMine shares rallied on Aug. 7, closing up 2.8% at $18.82, as investors focused on the company's Ethereum-heavy balance sheet. The stock briefly surged 9% intraday. BitMine carries an $11.9 billion market cap, reflecting growing market theme of public equities trading as proxies for large crypto treasuries.