Bitmine Surges 8% on Ethereum Strength After Cantor Fitzgerald Doubles Its Target, SharpLink Advances 9%, Strategy Gains 4%

Shares of Bitmine Immersion Technologies (NYSE:BMNR | BMNR Price Prediction) are climbing sharply in Friday morning trading as Ethereum (CRYPTO:ETH) trades higher and a doubled Cantor Fitzgerald price target hands the crypto treasury trade a fresh anchor. Bitmine stock is…

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Shares of Bitmine Immersion Technologies (NYSE:BMNR | BMNR Price Prediction) are climbing sharply in Friday morning trading as Ethereum (CRYPTO:ETH) trades higher and a doubled Cantor Fitzgerald price target hands the crypto treasury trade a fresh anchor. Bitmine stock is up 8% to $26.09 in a morning session that’s already seen an outsized single-name run. Ethereum is up 7% over the past 24 hours to $2,606.20.

The peer complex is rallying alongside it. SharpLink Gaming (NASDAQ:SBET) stock is up 9% to $9.16, and Strategy (NASDAQ:MSTR) stock is up 4% to $134.15. Meanwhile, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is up 0.86%, framing the crypto treasury bid as leveraged asset exposure rather than a market-wide risk move.

Cantor’s Doubled Target Meets an Ethereum Bid