Bitmine Immersion Technologies shares jumped 11% following the disclosure of its massive 4.6 million ETH treasury, a move heavily endorsed by Fundstrat’s Tom Lee. The surge highlights a growing institutional shift toward Ethereum as a primary reserve asset, with the token recently outperforming Bitcoin in daily gains.
Bitmine Immersion Technologies (BMNR) has officially reported holdings of 4.596 million Ethereum tokens, bringing its total treasury value to $11.5 billion. This aggressive accumulation strategy positions the company as a primary institutional proxy for Ethereum, mirroring the Bitcoin-centric treasury model.
About BitMine Immersion Technologies coverage
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