US Stock Market Move | Bitmine Immersion Technologies (BMNR.US) has surged over 120% in the four trading days, skyrocketing more than 29 times.

On Thursday, Bitmine Immersion Technologies (BMNR.US) rose over 120% again, skyrocketing over 29 times in four trading days, closing at $129.86. In terms of news, the company had previously announced the completion of a large private placement of $250 million, issuing 55,555,556 shares at a price of $4.5 per share, with delivery expected to be completed around July 3, 2025. BitMine plans to use the raised funds mainly for increasing its holdings of Ethereum, intending to use it as a core reserve asset, while continuing to maintain its main business of Bitcoin mining.