Bitmine Immersion technology (BMNR)Bitcoin’s miner became ether (Et) Treasury under the leadership of Tom Lee of Fundstrat, Says It added nearly $ 2 billion of tokens over the past week, carrying a total handling to near $ 5 billion.
Bitmine’s Eth stash exceeded 1.15 million tokens until Sunday night, from 833,137 the week before.
BMNR’s sharing reached more than 10% pre-market to $ 57, reaching a nearly 25% Friday advance.
The firm added that its stock has become one of the most traded in the US market of up to $ 2.2 billion in the day -to -day trade volume last week. Rank BMNR 25 at the US listed companies, leading the JPMorgan bank (Jpm) and chipmaker micron technology (MU).
“We lead the peers of the Crypto treasury by the same speed of crypto NAV (net asset value) per part and by high trade of our stock trade,” said Chairman Tom Lee.
Bitmine pursues a approach to accumulate eth and stakes tokens for a harvest, competing with rivals such as playing Sharpink (SBET) and so on. The firm ultimately aims to get 5% of the total ETH supply, which costs more than $ 25 billion in current market prices.
Buying a frenzy through Treasury’s digital asset companies has helped the ETH rally in new highs cycle highs, leading $ 4,300 over the weekend.
