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BitMine Holds 163,142 ETH, Stock Price Surges 40% in a Single Day
Summary: According to CoinDesk, BitMine Immersion Technologies (BMNR) disclosed that it holds 163,142 ETH (approximately $500 million), a significant increase from the $250 million raised through private placement on July 9. In response to this news, the company's stock price surged over 40% in a single day, now trading at $4.88. Led by Tom Lee of ...
According to CoinDesk, BitMine Immersion Technologies (BMNR) disclosed that it holds 163,142 ETH (approximately $500 million), a significant increase from the $250 million raised through private placement on July 9. In response to this news, the company's stock price surged over 40% in a single day, now trading at $4.88. Led by Tom Lee of Fundstrat, the company adopts a cryptocurrency reserve strategy similar to MicroStrategy. Data shows that the total ETH reserves held by listed companies and DAO organizations have reached 1.5 million coins.
