
BitMine Immersion (BMNR) shares have roughly doubled since the start of August on the back of its Ethereum (ETHUSD) treasury strategy. The firm now has well over 1 million ETH on its balance sheet.
Institutional inflow and favorable crypto legislation have pushed Ether prices to near-record levels this month, making BMNR an attractive pick for those seeking a cost-effective, alternative means of ETH exposure.