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BitMine Immersion Technologies Ranks 54th in Trading Volume with $144.5 Million as Ethereum Holdings Surge to $1.18 Billion
Generated by AI AgentAinvest Volume Radar
Friday, Jul 18, 2025 7:22 pm ET1min read
Aime SummaryOn July 18, 2025,
Technologies (BMNR) saw a trading volume of $144.5 million, ranking 54th in the day's stock market activity. The stock price of BitMine Immersion Technologies (BMNR) rose by 1.07%.BitMine Immersion Technologies, which holds approximately $1 billion worth of ether, experienced a significant surge in its stock price. This increase was driven by the company's recent announcement that its Ethereum holdings had exceeded $1 billion, just days after completing a $250 million raise. The company's strategic shift towards an Ethereum treasury strategy has been instrumental in this growth, with the stock price reflecting a 423.75% year-to-date gain.
The company's Ethereum holdings, totaling 163,142 ETH tokens, are valued at approximately $1.18 billion at current prices. This strategic move mirrors the success of
Inc., which saw its stock price jump from $13 to over $450 after implementing a Bitcoin treasury strategy. The institutional validation came when Peter Thiel's Founders Fund Growth II Management disclosed a 9.1% stake in BitMine, further boosting investor confidence.Tom Lee, the chairman of BitMine's board, has been a key figure in this strategic shift. Lee emphasized Ethereum's role as Wall Street's preferred blockchain platform for tokenization, noting that major financial institutions like JP Morgan and Robinhood are building their tokenizing businesses on Ethereum. This trend has attracted other companies to adopt similar Ethereum-focused strategies, further solidifying BitMine's position in the market.
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