5 Best Cryptocurrency Stocks to Buy Right Now

4. Bitmine Immersion Technologies Inc (NYSE:BMNR)

Stock Upside Potential: 69.67%

Number of Hedge Fund Holders: 28

Bitmine Immersion Technologies Inc (NYSE:BMNR) is among the best cryptocurrency stocks to buy right now. The shares have soared more than 175% over the past 12 months.

Bitmine Immersion Technologies Inc (NYSE:BMNR) recently hit a milestone in its Ethereum accumulation efforts. On April 20, the company announced that its Ethereum holdings have reached 4.976 million tokens. It said that represented 4.12% of the total Ethereum supply of 120.7 million tokens. The company’s ultimate goal is to hold 5% of the entire Ethereum supply.

At this point already, Bitmine says it has the largest Ethereum treasury in the world. Bitmine believes Ethereum is the wartime store of value, noting that the crypto far outperformed the S&P 500 and gold during the Iran war. Bitmine board chairman, Thomas Lee, pointed out on April 13 adoption of agentic AI systems and Wall Street tokenizing on the blockchain provide dual tailwinds for Ethereum.

Bitmine has about 67% of its Ethereum holdings staked to earn rewards. In addition to Ethereum, Bitmine owns other crypto assets, including 199 Bitcoin. It also owns a $200 million stake in Beast Industries and a $85 million stake in Eightco Holdings. Eightco itself has a large crypto treasury, including 11,068 Ethereum and 283 million Worldcoin (WLD) tokens. It also owns $118 million in cash and stablecoins and $90 million in OpenAI equity.

Bitmine Immersion Technologies Inc (NYSE:BMNR) runs Bitcoin mining and Ethereum staking operations. The company has identified Ethereum as its main treasury reserve asset, so it aims to accumulate 5% of all Ethereum supply. Bitmine has also built a dedicated staking platform to earn rewards on its digital assets.