April 28, 2026 - April 29, 2026, the '7M ETH' option surged from 12.5c to 54.5c, driven by market expectations that Bitmine will expand its Ethereum accumulation strategy after approaching the initial 5M target, sparking strong bullish sentiment.
April 26, 2026 - April 28, 2026, the '5M ETH' option jumped from 72.5c to 99.65c, primarily due to Bitmine's better-than-expected recent holding updates, convincing the market that the 5M target is imminent.
April 12, 2026 - April 14, 2026, the '5M ETH' option plunged from 85.9c to 70.95c, likely due to signs of a slowdown in Bitmine's recent ETH purchasing pace, raising market doubts about achieving the target in the short term.
March 12, 2026 - March 18, 2026, the '5M ETH' price rose steadily from 81.3c to 88.25c. The driver was Bitmine's consistent weekly reporting of aggressive ETH accumulation (latest week +61k ETH), convincing the market that the 5M target will be hit by May.
March 1, 2026 - March 3, 2026, the '5M ETH' option rose from 78c to 86.6c. The driver was Bitmine's March 2 announcement confirming holdings of 4.474M ETH, a strong fundamental update that boosted confidence.