Shares of BitMine Immersion Technologies Inc (NYSE:BMNR) are trading higher Wednesday, continuing a bullish trend driven by the company’s aggressive expansion of its Ethereum (CRYPTO: ETH) holdings. Investor confidence in 2025 has been growing around BitMine’s strategic pivot to becoming a major Ethereum treasury, viewing it as a prime vehicle for exposure to the cryptocurrency.
What To Know: The company on Monday announced its total cash and crypto holdings have surpassed $11.6 billion. This includes a treasury of over 2.65 million ETH, accounting for more than 2% of the total circulating supply of the digital asset.
