
BitMine Immersion Technologies, Inc. (BMNR)
Company News
Ethereum experienced a 6% decline due to a $128 million crypto hack on Balancer and negative sentiment from crypto influencers, despite a recent large token purchase by BitMine.
Leverage Shares by Themes launched four new single stock leveraged ETFs targeting 200% daily exposure to Bullish, Bitmine Immersion Technologies, Mp Materials, and Nebius Group, expanding their total lineup to 31 ETFs.
BitMine Immersion Technologies saw stock gains on Monday, driven by strength in cryptocurrency markets, particularly Ethereum. The company announced owning over 2% of total ETH token supply and maintaining a significant crypto, cash, and investment portfolio.
Bitcoin and Ethereum have experienced significant price surges, with Bitcoin reaching new highs above $123,000 and Ethereum rising nearly 50% in a month. Several crypto-related stocks and ETFs are gaining traction, offering investors multiple ways to gain exposure to the cryptocurrency market.