Bitmine (BMNR) Surges 31% as Firm Raises ETH Treasury to $9 Billion

Core Insights - Bitmine Immersion Technologies, Inc. (BMNR) has seen a significant increase in its stock price, climbing by 31.04% week-on-week due to its strategic acquisition of Ethereum, raising its total crypto ownership to $9 billion [1][3]. Group 1: Company Performance - Bitmine Immersion's treasury now holds over 2.06 million Ethereum tokens, averaging $4,312 each, along with 192 Bitcoins, making it the largest holder of Ethereum to date [2]. - The company is also expanding its portfolio by investing $20 million in Eightco Holdings Inc., which is entering the Worldcoin market [3]. Group 2: Strategic Vision - The Chairman of Bitmine, Thomas Lee, emphasized the company's commitment to supporting 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 [4]. - Lee expressed a strong belief in Ethereum's potential as a major macro trade over the next 10-15 years, suggesting that the integration of Wall Street and AI into blockchain technology will transform the financial system [5].