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Bitmine Immersion Shares Rise as Crypto Holdings Reach $14.9 Billion

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Bitmine Immersion Technologies (BMNR) shares rose 5.7% in Monday trading after the company said its cryptocurrency holdings reached $14.9 billion, including 4.8% of the total ether supply.

Bitmine acquired 32,447 ether in the past week, bringing its total to 5.85 million tokens valued at $2,440 each, the company reported Monday in a statement.

The company also holds 210 bitcoin, a $180 million stake in Beast Industries, an $89 million stake in Eightco Holdings (ORBS), and $308 million in total cash and marketable securities, the company said.

Price: $24.14, Change: $+1.31, Percent Change: +5.72%

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