BitMine Immersion Technologies (BMNR) stock saw a significant surge of 8.7% recently, fueled by a substantial increase in its Ethereum holdings. The company’s stock performance is directly linked to the upcoming Fusaka upgrade, which is expected to boost Ethereum’s scalability and market sentiment. This bullish trend aligns with investor optimism stemming from supportive macroeconomic conditions and anticipation for changes in Federal Reserve policies. 3.73 million Ethereum tokens were recently acquired by BMNR, solidifying its position as a prominent player in the ETH market. This strategic acquisition diverges from other firms focused on Bitcoin, highlighting BMNR’s strong belief in Ethereum’s long-term growth potential.