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BitMine Stock Surges 6% as Ethereum Holdings Hit a Staggering $11 Billion – But There’s a Catch
Yahoo Finance·2025-09-29 17:35

BitMine Immersion Technologies shares climbed more than 6% on Monday after the Las Vegas-based company disclosed another major expansion of its Ethereum (ETH) treasury. The stock traded at 53.60followingtheannouncement,thoughitremaineddownnearly453.60 following the announcement, though it remained down nearly 4% over the past week. The company reported holding 2.65 million ETH valued at 11 billion, alongside 192 Bitcoin worth roughly 21.6millionand21.6 million and 436 million in cash. Total assets stood near $11.6 billion, strengthening BitMine’s position as the world’s ...