Weird movement in US stocks | Bitmine Immersion Technologies (BMNR.US) rose over 120% again, surging over 29 times in four trading days.

According to the Wise Finance APP, on Thursday, Bitmine Immersion Technologies (BMNR.US) surged over 120% again, skyrocketing more than 29 times in four trading days to $129.86. In terms of news, the company announced earlier that it had completed a large private placement financing 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 funds raised mainly to increase its holdings of Ethereum, intending to use it as a core reserve asset, while continuing to maintain its main business of Bitcoin mining.