Why BitMine Immersion Technologies Stock Skyrocketed by 26% This Week
Generally speaking, as cryptos go, so goes the company's equity.
Overview
Bitmine Immersion Technologies (NYSE: BMNR), a company focused on investing in top cryptocurrencies and related assets, rode the crypto rally this week. At market close on Friday, it had gained over 26% across the five-day trading stretch, according to data compiled by S&P Global Market Intelligence.
Cryptocurrencies got two powerful shots in the arm in a rather short space of time. On Wednesday, Treasury Secretary Scott Bessent announced the Treasury would at least double the size of its regular repurchases of long-term government bonds (to at least $4 billion).
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.