BitMine Immersion Technologies shares climbed roughly 8% to $25.77 on Friday as Ethereum rebounded and investors continued to assess the treasury holdings of Eightco Holdings, a company backed by BitMine. Ethereum rose 4.62% over 24 hours to approximately $2,558, supporting BitMine's balance-sheet exposure and staking-reward revenue. Eightco reported approximately $380 million in assets, including a $90 million indirect OpenAI investment, an $18 million Beast Industries position, a $1 million Mythical Games stake, 301,971,219 WLD valued at $0.37 each, 16,278 ETH and about $120 million in cash and stablecoins. Eightco also repurchased more than 26 million common shares during the quarter. BitMine's rally came as the S&P 500 fell 0.44% and the Nasdaq finished nearly flat. Short-dated call activity and implied volatility increased, while the stock traded above its major simple moving averages. Key levels included resistance near $27 and support around $23. BitMine remains exposed to cryptocurrency valuations, operates at a cash deficit and reports losses; its year-to-date return was negative 12.01%, with average daily volume of 39.15 million shares and a market capitalization of $13.76 billion.