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BitMine Shares Stop Bleeding on $195 Million Ethereum Buy
Yahoo Finance·2025-11-25 01:04

BitMine Immersion Technologies added 195millionworthofEthereumtoitsstockpilelastweek,asitsstockpricefelltoafour−monthlow,accordingtoaMondaypressrelease.AlthoughthevalueofBitMine’sEthereumholdingshaverecentlyplunged,thecompanysaidthatitnowowns3195 million worth of Ethereum to its stockpile last week, as its stock price fell to a four-month low, according to a Monday press release. Although the value of BitMine’s Ethereum holdings have recently plunged, the company said that it now owns 3% of the assets total supply, equating to 3.63 million Ethereum. The company’s reserves were valued at 10.1 billion, based on current prices. BitMine’s shares jumped 10% on Monday to 28.However,afterfallingaslowas28. However, after falling as low as 24. ...