#BitMine Stock Volatility Continues as $ETH Holdings Cross $500 Million


$ETH treasury strategy drove BitMine shares to spike 45% Monday before closing barely 1% higher at $41.02.


The $BTC miner surpassed $500 million in $ETH holdings through its recent $250 million private placement funding round.


BitMine now holds 163,142 $ETH worth approximately $490 million, following its pivot from traditional mining operations.


Board Chairman Thomas Lee validates the $ETH treasury mission, citing tokenization as the greatest capital markets innovation since order books.


The stock has ranged wildly from $4.26 to $135 over the past month, up 727% monthly but down 62% weekly amid extreme volatility.

image
July 15, 2025 at 11:43 AM
17