BTC Digital Ltd. (NASDAQ:BTCT) and BitMine Immersion Technologies Inc. (NYSE:BMNR) shares are trending on Thursday.
BTCT gained 111.55% to $1.77 after the bell on Wednesday. This was after the stock climbed 79.97% to $0.84 in the regular session, according to Benzinga Pro data.
BMNR surged 6.47% to $21.55 extended trading session. The jump in the late trading session followed an intraday gain of 10.72%, where the stock closed at $20.24.
Trading Volume Surges
Both cryptocurrency infrastructure companies saw elevated trading activity on Wednesday.
BTC Digital’s volume spiked to 147.56 million shares versus an average daily volume of 230,900 shares, representing approximately 639 times the stock’s average trading volume.
Bitmine’s volume hit 75.67 million shares versus an average daily volume of 31.59 million shares, representing approximately 2.4 times the stock’s average trading volume.
Sector-Wide Rally Sets The Stage
On Wednesday, Bitcoin (CRYPTO: BTC) traded at $69,334.78, up 7.84%, with a market cap of $1.4 trillion and 24-hour volume of $51.7 billion. Ethereum (CRYPTO: ETH) traded at $2,255.12, up 18.11%, with a market cap of $272.1 billion and 24-hour volume of $33.3 billion.
The stock move comes as optimism over a potential September passage of the CLARITY Act and a record single-day short liquidation of $2.74 billion fueled gains across crypto-linked equities.
World’s largest corporate Bitcoin treasury holder Strategy Inc. (NASDAQ:MSTR) was also up 12.68% on Wednesday. In the after-hours session, it soared 3.73%.
The stock move also comes as President Donald Trump urged Congress to pass the CLARITY Act at a White House crypto summit Wednesday, while Senate Banking Chairman Tim Scott said the bill has a “really good shot” of advancing.
Earlier this week, BitMine disclosed that its crypto, cash and moonshot holdings totaled $11.4 billion, including 5,815,164 ETH.
Trading Metrics
| Metric | BitMine | BTCT |
|---|---|---|
| Market Cap | $12.21Billion | $13.24 Million |
| 52-Week Range | $12.80–$65.60 | $0.43–$3.12 |
| YTD Performance | -35.11% | -48.67% |
Benzinga’s Edge Stock Rankings indicate that BTCT stock has a negative price trend across all time frames.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Marc Bruxelle on Shutterstock.com
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