This Bitcoin stock is up 90% in a week
Main Idea
BitMine Immersion (BMNR) has significantly increased its Ethereum holdings to over 1.15 million tokens, becoming the world's largest Ethereum treasury, and its stock price has surged nearly 90% in five days.
Key Points
1. BitMine Immersion's Ethereum holdings surged from 833,137 to over 1.15 million tokens in one week, valued at over $4.96 billion.
2. BMNR shares jumped nearly 90% over the past five days, reaching $60.23 in pre-market trading.
3. BitMine aims to acquire 5% of the total Ethereum supply, a plan referred to as 'the alchemy of 5%'.
4. Thomas 'Tom' Lee, BitMine Board Chairman, mentioned that BMNR is now one of the top 25 most liquid stocks in the U.S. based on trading volume.
5. The stock posted an average daily volume of $2.2 billion over the past week, surpassing companies like JPMorgan (JPM).
Description
BitMine Immersion (NYSE: BMNR) is once again capturing market attention as its Ethereum ( ETH ) holdings have surged from 833,137 to more than 1.15 million tokens in just one week. With an ETH portfolio valued at over $4.96 billion, the blockchain technology firm is currently the world’s largest Ethereum treasury. As a result of the inflows, BMNR shares have jumped nearly 90% over the past five days, sitting at $60.23 in pre-market at the time of writing. BMNR stock price. Source: Google Will Bi...
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