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Benzinga

Business

Henry Khederian

Bitmine Immersion Technologies (BMNR) Stock Is Surging Thursday: What's Going On?

BitMine BMNR BitMine Immersion Tom Lee BitMine Immersion Technologies Inc Ethereum Fundstrat Crypto

Bitcoin,And,Cryptocurrency,Investing,Concept,With,Graph.,Bitcoin,Cryptocurrency,Coins.

Shares of Bitmine Immersion Technologies Inc (AMEX:BMNR) are trading higher Thursday afternoon, extending recent gains following bullish commentary from Chairman and Fundstrat co-founder Tom Lee. The rally comes as BitMine solidifies its position as the world’s largest corporate Ethereum (CRYPTO: ETH) treasury.

What To Know: The company this week reported amassing $10.8 billion in digital assets, primarily driven by its holding of 2.15 million ETH, worth approximately $10 billion.

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