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Bitmine's 3,000% Surge and Sharplink's 90% Plunge: A Cautionary Tale for Crypto Treasury Stocks
ByAinvest
Friday, Jul 4, 2025 8:30 pm ET1min read
Bitmine Immersion, a firm led by Fundstrat's Thomas Lee, has surged 3,000% since announcing a $250 million fundraising to acquire ETH. The company's shares have doubled, now trading at $140. However, a similar crypto treasury stock, Sharplink Gaming, plummeted over 90% after a rapid rise. Retail investors are cautioned to tread carefully as Bitmine's valuation already prices in aggressive assumptions about ETH gains.
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