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Bitmine Immersion Technologies Inc. has reached a four-year price peak, doubling its price in the past two days. The company has unlocked a 3,000% rally after announcing its $250M facility to build an ETH treasury.&nbsp;Bitmine was one of the latest treasury companies to unlock a stock rally. In the past two days alone, Bitmine rallied by more than 100%, reaching a price of $135 for the first time since April 2021.&nbsp;The latest stock rally launched after Bitmine announced a <a href="https://www.sec.gov/Archives/edgar/data/1829311/000168316825004802/bitmine_ex9901.htm" rel="noopener noreferrer nofollow">$250M</a> private placement with the goal of acquiring and holding ETH. The price jumped additionally after the closing of the private placement on July 3.&nbsp;<figure id="attachment_760100" class="wp-caption alignnone"><img class="wp-image-760100 size-full" src="https://www.cryptopolitan.com/wp-content/uploads/2025/07/BitmineJuly42025.png" alt="Bitmine rallies to four-year peak, will it boost ETH prices." width="1325" height="620"><figcaption id="caption-attachment-760100" class="wp-caption-text"> Bitmine rallied in the past day, following the closing of a $250M private placement deal with the goal of building an ETH treasury. | Source: <a href="https://www.google.com/finance/quote/BMNR:NYSEAMERICAN?window=5D" rel="noopener noreferrer nofollow">Google Finance</a></figcaption></figure>Bitmine started out from all-time lows, rising from a $1 mining stock to over $135 in the span of a week. Bitmine continues to rally as the leader to the pack of <a href="https://www.cryptopolitan.com/ethereum-linked-stocks-rise-on-tokenization/" rel="noopener noreferrer nofollow">Ethereum treasury stocks</a>, which joined the Bitcoin trend in the past few weeks.&nbsp;The growth trend also boosted the shares of Sharplink Gaming, rising further from $9.50 to over $12.60. SBET share prices are still down from their peak, but the recent recovery shows enthusiasm for ETH treasuries remains high. BitDigital, Inc. also rose to a one-month high of $2.94.&nbsp;ETH treasuries also allow companies to stake the tokens for additional passive income. Sharplink Gaming has already staked 95% of its ETH valued at over $450M.&nbsp;<h3 id="span-bitmine-plans-dual-btc-eth-strategy-span">Bitmine plans dual BTC-ETH strategy</h3>Bitmine already holds 154.2 BTC, acquired at prices above $106,000 since June 16. The company has also hidden hashrate that would produce additional BTC inflows in the coming six months.&nbsp;Bitmine aims to use its private placement proceeds, along with BTC, to acquire more ETH and build its treasury. The company aims to acquire crypto for long-term holding, from a mix of BTC mining operations or from raising additional capital.&nbsp;Bitmine has direct mining operations, contracts in synthetic market, and hashrate as a financial product. Bitmine also works as a mining consultant, while also owning data centers in low-cost locations in Texas.&nbsp;<h3 id="span-can-bitmine-reawaken-eth-span">Can Bitmine reawaken ETH?</h3>Demand for ETH has risen, based on ETF buying. The recent announcement of corporate treasuries is still not making a dent on the market. ETH remains a speculatively traded asset, with deliberate trading against long positions, leading to a depressed market price trading within a range around $2,500.ETH traded at $2,557.21, far from the exuberance of treasury company shares. The token stalled just under $2,700, falling on selling pressure.&nbsp;For bullish traders, ETH was supposed to make a hike to $3,000, though for now the rallies are cut short. Ethereum has seen increased staking and on-chain activity, with growing demand for DeFi. The network is slowly regaining its activity, mostly based on stablecoin usage. <a href="https://www.cryptopolitan.com/tether-adds-2b-in-usdt-on-tron/" rel="noopener noreferrer nofollow">USDT</a> and USDC drive traffic on Ethereum, as part of both centralized and decentralized activity.&nbsp;The recent treasuries are still not buying at the scale of Strategy, which is already affecting the BTC market. However, the appearance of a new wave of altcoin treasury companies may extend the 2025 crypto rally. Companies have already announced SOL and BNB treasuries, but ETH may be a prime candidate for reserves with guaranteed staking rewards. Your crypto news deserves attention - <a href="https://keydifference.com/wire/pricing/?utm_source=cp&amp;utm_medium=web&amp;utm_campaign=inlineads2" rel="noopener noreferrer nofollow">KEY Difference Wire</a> puts you on 250+ top sites

Bitmine rallied to over $135 after announcing ETH treasury

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