BitMine recently raised 250 million USD through a private placement for acquiring Ethereum, marking a strong investment in the cryptocurrency.
After surpassing 500 million USD in ETH holdings, BitMine’s stock peaked at 59.00 USD before dipping to 41.02 USD, showcasing extreme volatility in the market.
Chairman Thomas Lee emphasized Ethereum’s potential in tokenization and announced the company’s strategy to enhance its stake in the Ethereum ecosystem.
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