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BitMine shares jump 8% fueled by Ethereum rally and strong options activity

Market News
18 Sep 2026
Blockonomi
View Source
Bullish
BitMine shares jump 8% fueled by Ethereum rally and strong options activity

BitMine (BMNR) shares rose about 8% to $25.77, driven by Ethereum's 4.62% price recovery to $2,558, which supports BitMine's crypto-linked business. The company benefits from Ethereum holdings that generate staking rewards, providing steady revenue. Additionally, Eightco Holdings, backed by BitMine, disclosed $380 million in assets including a $90 million indirect stake in OpenAI, boosting investor confidence. Heavy buying of short-term call options above $25 also added momentum, while technical indicators show BitMine trading above key moving averages despite a January death cross. However, BitMine still operates at a cash deficit and remains vulnerable to crypto market swings.

Ethereum's price on Pluang is Rp45.993.876 as of Sep 19, 2026 00:02 WIB, showing a 5.03% increase over the past day. The market cap for Ethereum stands at Rp5.663,86 trillion, with a 24-hour trading volume of Rp327,47 trillion. This strong activity highlights ongoing investor interest in crypto assets like BitMine, which is linked to Ethereum's ecosystem.

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