Bitmine (BMNR) Climbs 15% as Firm Hits 2-Million ETH Milestone

Core Insights - Bitmine Immersion Technologies, Inc. (BMNR) has shown significant performance, with a 15.28% increase in stock price, reaching $55.09, following the achievement of surpassing 2 million ETH in ownership, valued at $9.21 billion [1][2][3] Company Performance - Bitmine has extended its winning streak to five consecutive days, reflecting strong market interest and investor confidence [1] - The company reported a total ownership of 2.07 million ETH at an average price of $4,312 per ETH [2] - In addition to Ethereum, Bitmine holds 192 Bitcoins and has unencumbered cash reserves of $266 million [3] Strategic Investments - Bitmine recently invested $20 million in Eightco Holdings Inc. to support the acquisition of Worldcoins (WLD), positioning itself strategically within the cryptocurrency ecosystem [3] - The company aims to back innovative projects that enhance the Ethereum ecosystem, highlighting the importance of Worldcoin's zero-knowledge proof technology for future trust and safety in technology platforms [5] Market Outlook - The Chairman of Bitmine, Thomas Lee, expressed a strong belief in Ethereum's potential as a major macro trade over the next 10-15 years, particularly with the integration of Wall Street and AI into blockchain technology [6]