Bitcoin Miner BitMine's Stock Skyrockets 563%: Should You Buy?
According to Yahoo Finance stocks data, BitMine Immersion Technologies’ stock, BMNR, has seen a massive price spike. The Bitcoin mining stock has risen 24.59% after market hours and 563.61% in the 52-week charts. Let’s discuss whether you should consider buying the stock. Source: Yahoo Finance Should You Buy Bitcoin Mining Company Stock? Source: Wazirx BitMine recently put out a statement announcing its Ethereum (ETH) holdings. The company started its ETH treasury earlier this year on June 30th. In just over a month, the company has become the largest Ethereum treasury in the world and the third largest crypto treasury. According to the BitMine’s press release, the company has 1,150,263 ETH, worth more than $4.96 billion. According to BitMine’s Chairman of the Board of Directors, Thomas Lee, “ In just a week, BitMine increased its ETH holdings by $2.0 billion to $4.96 billion (from 833,137 to 1.15 million tokens), lightning speed in the company’s purs...