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BitMine Immersion Technologies' shares soared by over 40% after it announced holding 163,142 ETH valued at approximately $500 million, following a significant drop in prices due to a large offering.
Bitmine Immersion's shares have skyrocketed by over 3,000% after announcing a significant fundraise for ether acquisitions, while investors are warned to be cautious of similar stock declines.
BitMine Immersion Technologies announced a significant capital raise to establish an ether treasury, appointing Thomas Lee as its Chairman amidst increased investor interest.
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