Cantor Fitzgerald’s fresh optimism on crypto treasury plays has pushed Bitmine Immersion Technologies (BMNR) into focus, after the broker raised expectations for several stocks tied to digital asset balance sheets.

Bitmine Immersion Technologies has seen its share price reflect that renewed crypto optimism in bursts rather than in a straight line. The 1 month share price return is 39.91% and the 90 day share price return is 55.37%, even though the year-to-date share price return is still down 19.75% and the 1 year total shareholder return has fallen 54.55%. The 3 year total shareholder return is up 78.84%, against a much weaker 5 year total shareholder return that is down 73.64%, which together suggest that short term momentum is…