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BitMine Immersion Technologies has announced it now manages a $9 billion treasury in cryptocurrency and cash, making it the second largest in the sector.
ARK Invest has increased its investments in crypto equities by purchasing significant shares in BitMine and Bullish across various ETFs.
BitMine Immersion Technologies aims to acquire 5% of ether's supply, positioning itself as a major ETH treasury firm.
ARK Invest has made a significant investment in Bitmine, a leading corporate holder of ether, purchasing over $15 million in shares.
BitMine Immersion Technologies increases its ether holdings significantly, but sees stock price decline as Ethereum values drop.
The company is set on acquiring a significant portion of Ethereum, eyeing a $20 billion fundraise to boost its ETH holdings.
The company aims for a 5% share of the entire ether supply, which is currently valued at around $25 billion.
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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