Bitmine Immersion (BMNR) Jumps 6.97% on $3-Billion ETH Acquisition

We recently published 10 Stocks With Surprising Gains Amid Market Meltdown. Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) is one of the best-performing stocks on Tuesday.

Bitmine snapped a two-day losing streak on Tuesday, jumping 6.97 percent to close at $33.3 apiece as investor sentiment was boosted by its $3-billion acquisition of Ethereum coins.

Just recently, Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) purchased more than 833,000 ETH at a price of $3,491.86 apiece as part of its ETH Treasury program announced on June 30.

“BitMine moved with lightning speed in its pursuit of the ‘alchemy of 5 [percent]’ of ETH growing our ETH holdings to over 833,000 from zero 35 days ago,” said Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) Chairman Thomas Lee.

“We have separated ourselves among crypto treasury peers by both the velocity of raising crypto NAV per share and by the high liquidity of our stock,” he added.

Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) is a Bitcoin and Ethereum Network Company with a focus on the accumulation of Crypto for long-term investment.

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