Analyst: Stocks of Strategy, MSTR, and BMNR have seen significant gains due to the rise in Bitcoin and Ethereum
2026-09-04 22:00:10
According to CoinMeta, Strategy ( MSTR ) shares rose by 17.56% to close at $144.82, as the price of Bitcoin rebounded above $81,000. Meanwhile, Bitmine Immersion Technologies ( BMNR ) shares increased by 14.70% to close at $26.45, due to the rise in Ethereum prices to $2,528. B. Riley Securities raised the target price for MSTR from $155 to $175 and issued a buy rating. With the increase in Bitcoin and Ethereum prices, related crypto stocks also saw significant gains. Michael Saylor 's Strategy ended a 10-week purchase suspension and bought 4,603 BTC, worth $370 million. The company also repurchased 1,557,177 shares of STRC preferred stock for $151.8 million, paid $50.7 million in dividends to STRC shareholders, and increased its cash reserves by $30 million.
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Source:Coinpedia
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