Bitmine (BMNR) Surges 31% as Firm Raises ETH Treasury to $9 Billion

We recently published 10 Stocks That Made Millionaires in Just a Week. Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) is one of the best performers in last week’s trading.

Bitmine Immersion climbed by 31.04 percent week-on-week after implementing another round of Ethereum acquisition that brought its total ownership of the crypto to $9 billion.

In a statement, Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) said its treasury now holds more than 2.06 million Ethereum tokens with an average price of $4,312 apiece, alongside 192 Bitcoins. It remains Ethereum’s largest holder date, and the second largest crypto treasury company next to Strategy Inc.

Outside the said assets, Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) is also expanding into Worldcoins (WLD) following its $20 million investment in Eightco Holdings Inc. (NASDAQ: OCTO), which recently made a foray into the said tokens.

Worldcoin, an ERC-20 token, captures a zero-knowledge proof of a person’s humanity, a critical asset in an increasingly agentic-AI world.

“BitMine wants to support and back innovative projects that create value for the Ethereum ecosystem. As an ERC-20 native token, World is aligned with Ethereum. World’s unique zero-knowledge Proof of Human credential could be essential to future trust and safety between technology platforms and the billions of human users,” said Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) Chairman Thomas Lee.

“We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years. Wall Street and AI moving onto the blockchain should lead to a greater transformation of today’s financial system. And the majority of this is taking place on Ethereum,” he added.

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Disclosure: None. This article is originally published at Insider Monkey.vv