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Bitmine Stock Price Surges Over 30 Times Since Announcing Ethereum Reserve Strategy

Summary: According to reports, Bitmine's closing price yesterday was $135, compared to $4.26 the day before announcing their Ethereum reserve strategy, marking a more than 30-fold increase in stock price. Earlier, the New York Stock Exchange-listed company BitMine Immersion Technologies announced pricing and signed a private placement agreement to purchase and sell 55,555,556 common shares at ...

According to reports, Bitmine's closing price yesterday was $135, compared to $4.26 the day before announcing their Ethereum reserve strategy, marking a more than 30-fold increase in stock price. Earlier, the New York Stock Exchange-listed company BitMine Immersion Technologies announced pricing and signed a private placement agreement to purchase and sell 55,555,556 common shares at a price of $4.50 per share, aiming to raise $250 million to launch their ETH financial strategy.

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