BlockBeats News, July 3rd, according to market data, the stock price of Bitmine Immersion (BMNR) has surged by 64.2%, now trading at $96.06, with a weekly gain of over 2117%.
Bitmine Immersion previously announced the completion of a $250 million large-scale private placement, with the raised funds mainly used to increase their Ethereum holdings and intending to designate it as a core reserve asset, while continuing to maintain their Bitcoin mining core business.