Why Bitmine Stock Popped Today
The crypto treasury leader has quietly amassed a significant share of Ethereum's total supply.
Overview
Shares of Bitmine Immersion Technologies (NYSE: BMNR) jumped on Monday after the cryptocurrency-focused investment company provided investors with an update on its holdings.
Image source: Getty Images.
Bitmine held 5,787,414 coins of Ethereum (CRYPTO: ETH) as of July 26. With Ether currently trading at roughly $1,948 per coin, Bitmine's stake is valued at a whopping $11.3 billion.
Details
Source
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.