Bitmine shares rise as crypto treasury update lifts BMNR
Bitmine Immersion Technologies shares trade higher as management says its combined crypto, cash and strategic investments reached $11.4 billion and its ETH holdings reached 5.82 million tokens.
Shares of Bitmine Immersion Technologies Inc (NYSE: BMNR ) are trading higher Wednesday afternoon as momentum builds across digital asset markets. The stock is catching a bid as Bitcoin (CRYPTO: BTC) trades above $68,500 and Ethereum (CRYPTO: ETH) approaches $2,100. Here’s what investors need to know. BitMine Immersion shares are powering higher.
Why is BMNR stock up today? 4 billion. 07 million staked ETH. Bitmine also has a total of 210 Bitcoin.
Addressing the aggressive accumulation strategy, management highlighted that Bitmine is 96% of the way toward its goal of holding 5% of the total ETH supply. 8 million shares under its $4 billion repurchase program. 72 at the time of publication on Wednesday, according to Pro data. Read Also: Coinbase Stock Catches a Bid as Bitcoin Climbs Image: Shutterstock