Bitmine (BMNR) shares soared nearly 20% on Tuesday after the company revealed it holds $11.8 billion in digital assets. The holdings include 3,629,701 ETH, 192 BTC, and a $38 million investment in Eightco Holdings. Additionally, Bitmine reported $800 million in unencumbered cash, boosting investor confidence.
The stock's performance outpaced the broader crypto market, with Ethereum rising 8% and Bitcoin gaining under 5% during the same period. This significant disclosure has positioned Bitmine as a major player in the digital asset space, attracting increased attention from investors.
Bitmine Stock Jumps 20% on $11.8 Billion Crypto Holdings Disclosure
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