5 Stocks Worth Watching Right Now

3. Bitmine Immersion Technologies Inc. (NYSEAmerican:BMNR)

Bitmine Immersion soared by 13.88 percent on Monday to close at $23.39 apiece, as investors gobbled up shares amid a flurry of news, including its indirect exposure to OpenAI ahead of its much-anticipated initial public offering (IPO), and its accelerated purchase of Ethereum tokens last week during a broader market bloodbath.

In an updated report, Bitmine Immersion Technologies Inc. (NYSEAmerican:BMNR) said that it acquired an $80 million stake in Eightco Holdings Inc. (NASDAQ:ORBS), which owns a $50 million equity in OpenAI.

“ORBS is now the only publicly listed equity in the world to give investor direct exposure to OpenAI. OpenAI has a much anticipated IPO in 2026 and investors can now get direct exposure via ORBS,” Bitmine Immersion Technologies Inc. (NYSEAmerican:BMNR) said.

Additionally, the company last week acquired 60,999 Ethereum tokens, of which 5,000 were purchased from the ETH Foundation.

“Bitmine has slightly increased the pace of ETH buys in each of the past two weeks, as our base case is ETH is in the final stages of the ‘mini-crypto winter.’ In the past week, we acquired 60,999 ETH compared to an average of 45k to 50k weekly recently,” Bitmine Immersion Technologies Inc. (NYSEAmerican:BMNR) Chairman Thomas Lee said.