Bitmine (BMNR) Soars Anew as ETH Treasuru Raises to $8.3 Billion

We recently published 10 Stocks Leaving the Market in the Dust. Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) is one of the best performers on Wednesday.

Bitmine snapped a four-day losing streak on Wednesday, adding 5.58 percent to close at $44.86 apiece as investors cheered its acquisition of additional Ethereum tokens, boosting its total ownership to $8.3 billion.

In an updated report on its website, Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) said it boosted its Ethereum treasury to $8.3 billion following the acquisition of an additional 153,075 units over the past 10 days.

Bitmine (BMNR) Soars Anew as ETH Treasuru Raises to $8.3 Billion

blockchain

“We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years,” said Chairman Thomas Lee.

“Wall Street and AI moving onto the blockchain should lead to a greater transformation of today’s financial system. And the majority of this is taking place on Ethereum,” he added.

Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) said it remains the largest Ethereum treasury holder in the world, owning 1.5 percent of the token’s total supply, and the second largest cryptocurrency holder globally, next to Bitcoin-focused Strategy Inc.

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Disclosure: None. This article is originally published at Insider Monkey.