BitMine Immersion’s 700% Crypto-Fueled Stock Surge – Boom or Bubble for BMNR?
BitMine Immersion Technologies (BMNR) surged nearly 700% in 2025, peaking at $161 before settling near $50 on Oct. 20 amid volatile trading. The company holds over 3 million Ethereum, making it the world’s largest corporate Ether holder, and raised $365 million in a September stock offering to fund further crypto buys. Major investors include ARK Invest and Founders Fund. Skeptics cite BMNR’s low revenue and high valuation.