Bitmine Immersion Technologies Inc. (NYSE: BMNR) extended its gains on Friday, with the Ethereum-focused mining and treasury firm’s shares climbing sharply as major digital assets rallied across the board.

The stock’s advance builds on momentum from earlier in the week, when BMNR shares pushed to $20.24 on Wednesday and tested the 200-day moving average, a closely watched technical threshold that traders often use to gauge long-term trend direction. The broader market backdrop also lent support, with Nasdaq futures up 0.67% and S&P 500 futures gaining 0.43% on Friday.

The primary catalyst behind the move was a surge in cryptocurrency prices. Bitcoin rose 7.08% over 24 hours to $76,787.17, while Ethereum climbed 4.14% to $2,371.83,…