Bitmine Immersion Technologies Inc. (NYSE:BMNR) stock surged Friday, tracking strength in Ethereum (CRYPTO: ETH) prices and renewed institutional accumulation, including a sizable position increase by Charles Schwab Corp.
Ethereum traded at $2,029.96, up 4.24% over 24 hours and 2.36% over seven days, with a market cap of $245 billion and trading volume of $21.9 billion.
Charles Schwab Increases Holdings
Charles Schwab reported in its 13F-HR filing on Wednesday that it increased its Bitmine holdings from 1,712,780 shares to 2,732,761 shares, representing a 59.55% increase in its position.
The Charles Schwab increase …