BitMine Stock Surges 6% as Ethereum Holdings Hit a Staggering $11 Billion – But There’s a Catch

BitMine Immersion Technologies shares climbed more than 6% on Monday after the Las Vegas-based company disclosed another major expansion of its Ethereum (ETH) treasury. The stock traded at $53.60 following the announcement, though it remained down nearly 4% over the past week. The company reported holding 2.65 million ETH valued at $11 billion, alongside 192 Bitcoin worth roughly $21.6 million and $436 million in cash. Total assets stood near $11.6 billion, strengthening BitMine’s position as the world’s ...