Strive Soars 12%, Bitmine Jumps 5% as Bitcoin and Ethereum’s Surge Lifts the Crypto Proxy Trade

Strive is also pursuing a pending acquisition of Semler Scientific, which would add 5,048 BTC to its treasury. CEO Matthew Cole has described a multi-trillion dollar digital credit opportunity, anchored by the company’s SATA perpetual preferred structure. That growth narrative, layered on top of a rising Bitcoin price, is what’s driving ASST stock to its highest levels in recent weeks.

Bitmine Immersion Technologies stock’s 5% gain today is a direct function of Ethereum’s move. The company claims the largest ETH treasury in the world, holding over 3.73 million ETH valued near $10 billion. With Ethereum up sharply on the day, Bitmine’s balance sheet is appreciating in real time.

The company’s long-term ambition is to acquire 5% of all ETH, an audacious target that would make it one of the most concentrated single-asset treasury plays in the public markets. Bitmine’s MAVAN (Made-in-America Validator Network) infrastructure supports ETH staking, giving Bitmine an operational income stream alongside its treasury position.

Retail options traders have been active around BMNR. A post on r/options titled “funding my monthly expenses selling covered calls on BMNR” drew 75 upvotes and 17 comments on April 10, reflecting how traders are positioning around the stock’s volatility. That kind of retail engagement tends to amplify moves on high-volume crypto days like today.

Wall Street analysts carry a consensus Buy rating on BMNR stock, with a price target of $36. The stock’s 52-week low of $3.199 and 52-week high of $160.95 illustrate just how wide the range of outcomes can be for a name this tightly coupled to a single volatile asset.

For ASST stock, watch for whether today’s gains hold above $15.50. Any continuation in Bitcoin above the $78,000 level could sustain the momentum into the close.

For BMNR stock, the key question is whether Ethereum can hold its gains through the afternoon session. If ETH fades, expect BMNR to give back a portion of today’s move quickly. Both stocks remain volatile proxies, and today’s session is a reminder that the crypto proxy trade cuts both ways.

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