BitMine Shares Rally on $14.9 Billion Ethereum Portfolio Boost

BitMine Shares Soar as Firm's Ethereum Portfolio Hits $14.9 Billion

The NYSEAMERICAN-listed company's stock price surged by roughly 6.7% on Monday to close at $24.36, following a new treasury announcement.

The increase in the company's gross holdings was primarily due to the rise in Ether's value, with a shift of $100 resulting in approximately a $585 million change in the treasury's gross value.

BitMine Immersion Technologies' main investor presence remains within the weekly bridge, where its shares finished among the most-active listings on Yahoo Finance.