Bitmine (NYSE: BMNR) Closes In On 5% Ethereum Supply Goal As Circle (NYSE: CRCL) Surges 8% And Coinbase (NASDAQ: COIN) Gains 5%

Crypto-linked equities pushed sharply higher on Monday even as Bitcoin and Ethereum traded lower, with treasury buying activity driving the session’s most notable headline.

Bitmine Immersion Technologies (NYSE: BMNR) rose 4% to $24.75, Circle Internet Group (NYSE: CRCL) jumped 8% to $93.83, and Coinbase Global (NASDAQ: COIN) advanced 5% to $187.03 during Monday’s midday session.

Over the past month through Friday’s close, Bitmine stock gained 43%, Circle Internet Group climbed 42%, and Coinbase added 12%, reflecting sustained investor appetite for crypto-adjacent equities.

Bitcoin fell 0.5% to $78,652.35 and Ethereum dropped 1.7% to $2,463.58 over the prior 24 hours, making the broad equity bid across crypto names an unusual divergence from standard market behavior.

Bitmine announced Monday that its total holdings of crypto, cash, marketable securities, and early-stage investments reached $15.6 billion, anchored by 5,901,112 Ethereum tokens and 211 Bitcoin.

The company’s Ethereum stack, marked at $2,511 per token, represents 4.9% of the total circulating supply of 120.7 million tokens, placing it 98% of the way toward its stated target known as the “Alchemy of 5%.”

Chairman Thomas “Tom” Lee said, “Over the past week, we acquired 53,501 ETH. Bitmine has bought ETH for each of the past 65 weeks (every week since the inception of the ETH Treasury Strategy on June 30, 2025).”