BitMine Immersion Technologies Inc(US:BMNR) Zhi Tong Cai Jing·2025-08-13 01:57Group 1: Bitmine Immersion Technologies - Bitmine Immersion Technologies (BMNR.US) stock price increased by over 5% following Ethereum's rise of 6%, surpassing $4500 [1] - The company announced plans to sell up to $20 billion in stock to increase its cryptocurrency holdings, currently holding Ethereum valued at $4.96 billion, approximately 1% of circulating supply [1] - The stock has risen over 750% year-to-date, with a 14% increase following the announcement of its Ethereum asset acquisition [1] - Chairman Tom Lee stated that the company is a leader in crypto asset management, reflected in the speed of raising net asset value per share and high trading liquidity [1] Group 2: Coinbase and Other Companies - Coinbase (COIN.US), another major Ethereum holder, saw its stock rise over 2%, holding over 100,000 Ethereum tokens valued at over $500 million [2] - The crypto reserve strategy has attracted various companies, including GameStop (GME.US) and SharpLink Gaming (SBET.US), which are also looking to incorporate cryptocurrencies into their balance sheets [2] - Ethereum's price has surged over 50% in the past month, nearing its historical peak of over $4600 set in October 2021, while Bitcoin's increase was over 1% in the same period [2] Group 3: Circle Internet Group - Circle Internet Group (CRCL.US), a stablecoin issuer, went public in June, enhancing Ethereum's recognition as the preferred ecosystem for stablecoin issuance [3] - In its second quarter, Circle reported a net loss of $482 million, primarily due to significant non-cash expenses related to its IPO, compared to a net profit of $32 million in the same period last year [3] - Revenue grew by 53% to $658 million, exceeding analyst expectations, with adjusted EBITDA of $126 million also surpassing forecasts [3]