{"id":37616,"date":"2025-07-18T10:16:49","date_gmt":"2025-07-18T10:16:49","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=37616"},"modified":"2025-07-18T10:16:49","modified_gmt":"2025-07-18T10:16:49","slug":"bitmine-surges-14-after-hours-as-ethereum-holdings-top-1-billion-just-days-after-250-million-raise","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=37616","title":{"rendered":"BitMine Surges 14% After Hours As Ethereum Holdings Top $1 Billion Just Days After $250 Million Raise"},"content":{"rendered":"<div>\n<p><strong>BitMine Immersion Technologies Inc.<\/strong> (AMEX:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/BMNR#AMEX\">BMNR<\/a>) surged 14.11% in after-hours trading on Thursday, reaching $47.81 per share as the company\u2019s <strong>Ethereum<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>) holdings crossed the $1 billion threshold following its recent pivot to an ETH treasury strategy.<\/p>\n<p><strong>What Happened<\/strong>: The Las Vegas-based company filed an 8-K with the Securities and Exchange Commission on Thursday, announcing its current ETH holdings position. BitMine recently <a href=\"https:\/\/www.benzinga.com\/trading-ideas\/movers\/25\/07\/46432615\/bitmine-immersion-technologies-stock-surges-after-hours-whats-going-on\">closed a $250 million private placement<\/a> and now holds 163,142 ETH tokens, worth approximately $1.18 billion at current prices.<\/p>\n<p>The stock has gained 423.75% year-to-date, transforming from a <a href=\"https:\/\/www.benzinga.com\/trading-ideas\/movers\/25\/07\/46432615\/bitmine-immersion-technologies-stock-surges-after-hours-whats-going-on\">market cap of $25.86 million in early 2025<\/a> to approximately $2.16 billion as of Thursday\u2019s close. Thursday\u2019s regular session saw shares close at $41.90, down 6.47% before the after-hours surge.<\/p>\n<p><strong>Fundstrat<\/strong>\u2018s<strong> Tom Lee<\/strong>, who recently <a href=\"https:\/\/www.benzinga.com\/crypto\/25\/07\/46434516\/tom-lee-says-ethereum-set-for-breakout-as-stablecoins-become-chatgpt-moment-for-wall-street-and-crypto\">became chairman &#8230;<\/a><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/equities\/25\/07\/46487931\/bitmine-surges-14-after-hours-as-ethereum-holdings-top-1-billion-just-days-after-250-million-rai\" alt=\"BitMine\" surges after hours as ethereum holdings top billion just days million raise>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BitMine Immersion Technologies Inc. (AMEX:BMNR) surged 14.11% in after-hours trading on Thursday, reaching $47.81 per share as the company\u2019s Ethereum (CRYPTO: ETH) holdings crossed the $1 billion threshold following its recent pivot to an ETH treasury strategy. What Happened: The Las Vegas-based company filed an 8-K with the Securities and Exchange Commission on Thursday, announcing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-37616","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/37616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37616"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/37616\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}