Bitmine and Coinbase Stocks Surge Following SEC's Tokenization Order

Bitmine Immersion Technologies and Coinbase Global saw significant stock increases on September 21, 2026, following a recent order from the U.S. Securities and Exchange Commission (SEC) that opened a regulated pathway for tokenized representations of U.S. stocks. Bitmine's stock rose by 6% to $27.42, while Coinbase's shares also climbed 6%, reaching $205.12. The SEC's order, issued on September 17, provides a five-year exemption for certain trading venues to issue tokenized stocks, which has been interpreted by the market as a potential boost for Ethereum, the cryptocurrency that underpins many tokenized assets.

Ethereum itself experienced a rally, increasing by 5.7% to $2,727.39, which in turn positively impacted crypto-linked equities. The SEC's move is seen as part of a broader effort to integrate blockchain technology into U.S. financial markets, although the order does not specify any particular blockchain. This has led to speculation about increased demand for Ethereum-based settlement infrastructure, benefiting companies like Bitmine, which holds significant Ethereum assets on its balance sheet.

Coinbase is positioned uniquely as it already offers tokenized equity products internationally, making it a direct beneficiary of the SEC's new framework. However, the order includes conditions and volume limits, meaning the sustainability of Coinbase's stock rally will depend on how these regulations are implemented in the U.S. market. Meanwhile, SharpLink Technologies also saw a 5% increase in its stock, reflecting the overall positive sentiment in the crypto sector.

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Source: KLEA News