BTC Digital Surges 111% in After-Hours Trading, BitMine Shares Rise as Bitcoin and Ethereum Rebound

Shares of BTC Digital Ltd. and BitMine Immersion Technologies Inc. became market hotspots on Thursday.

BTCT rose 111.55% to $1.77 after Wednesday's market close. This followed a 79.97% gain during regular trading hours to $0.84.

BMNR surged 6.47% to $21.55 in after-hours trading. This gain followed a 10.72% increase during regular trading, with the stock closing at $20.24.

Trading Volume Surge

Both cryptocurrency infrastructure companies saw increased trading activity on Wednesday.

BTC Digital's trading volume soared to 147.56 million shares, compared to an average daily volume of 230,900 shares, representing approximately 639 times its average trading volume.

BitMine's volume reached 75.67 million shares, compared to an average daily volume of 31.59 million shares, representing approximately 2.4 times its average trading volume.

Sector-Wide Rally Sets the Tone

On Wednesday, Bitcoin traded at $69,334.78, up 7.84%, with a market cap of $1.4 trillion and 24-hour trading volume of $5.17 billion. Ethereum traded at $2,255.12, up 18.11%, with a market cap of $272.1 billion and 24-hour trading volume of $3.33 billion.

The stock gains stemmed from optimism over the potential passage of the CLARITY Act in September, as well as a record single-day short liquidation of $27.4 billion, which drove gains across crypto-related stocks.

Strategy Inc., the world's largest corporate Bitcoin holder, also rose 12.68% on Wednesday. In after-hours trading, it surged 3.73%.

The stock gains also came as President Donald Trump urged Congress to pass the CLARITY Act at Wednesday's White House crypto summit, while Senate Banking Committee Chairman Tim Scott said the bill has a "pretty good chance" of advancing.

Earlier this week, BitMine disclosed its cryptocurrency, cash, and venture capital holdings totaling $11.4 billion, including 5,815,164 ETH.

Trading Metrics

Metric|BitMine|BTCT

Market Cap|$12.21 billion|$13.24 million

52-Week Range|$12.80–$65.60|$0.43–$3.12

Year-to-Date Performance|-35.11%|-48.67%

Stockcharts Edge stock ranking indicates BTCT shares show negative price trends across all time frames.