Bitmine (BMNR) Surges 31% as Firm Raises ETH Treasury to $9 Billion

We recently published 10 Stocks That Made Millionaires in Just a Week. Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) is one of the best performers in last week’s trading.

Bitmine Immersion climbed by 31.04 percent week-on-week after implementing another round of Ethereum acquisition that brought its total ownership of the crypto to $9 billion.

In a statement, Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) said its treasury now holds more than 2.06 million Ethereum tokens with an average price of $4,312 apiece, alongside 192 Bitcoins. It remains Ethereum’s largest holder date, and the second largest crypto treasury company next to Strategy Inc.

Bitmine (BMNR) Surges 31% as Firm Raises ETH Treasury to $9 Billion

Outside the said assets, Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) is also expanding into Worldcoins (WLD) following its $20 million investment in Eightco Holdings Inc. (NASDAQ: OCTO), which recently made a foray into the said tokens.

Worldcoin, an ERC-20 token, captures a zero-knowledge proof of a person’s humanity, a critical asset in an increasingly agentic-AI world.

“BitMine wants to support and back innovative projects that create value for the Ethereum ecosystem. As an ERC-20 native token, World is aligned with Ethereum. World’s unique zero-knowledge Proof of Human credential could be essential to future trust and safety between technology platforms and the billions of human users,” said Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) Chairman Thomas Lee.

“We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years. 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.

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