BitMine’s Wild Ride: Ethereum Whale Stock BMNR Soars 700% – Bubble or Breakout Ahead?
BitMine Immersion Technologies (BMNR) closed at $49.85 on Oct. 17 after a volatile week, following a year-to-date surge of 700% and trading volumes up to $3 billion daily. The company now holds over 3 million Ethereum, making it the largest corporate Ether holder. BMNR raised $365 million in a September stock offering and has backing from ARK Invest and Founders Fund. Skeptics cite its $6 million revenue versus a multi-billion market cap.