Why are there so many publicly listed companies engaging in cryptocurrency-stock linkage? Because cryptocurrency-stock linkage is simply too attractive!

Bitcoin mining company BitMine ($BMNR) is a typical example.

BitMine Immersion Technologies (BMNR) is a Bitcoin mining company with mining sites located in Texas and Trinidad. Through self-mining and hosting third-party equipment, BitMine generates Bitcoin revenue.

In recent years, BitMine's operational performance has not been good, with a net loss of $3.29 million last year, and revenue of only $3.31 million in the first quarter of this year, resulting in a market value of only $26 million during the transition period.

In June of this year, renowned cryptocurrency analyst Thomas Lee was appointed as the chairman of the company's board, promoting the company to emulate MicroStrategy and transition to an Ethereum treasury company.

On June 30, the company announced the completion of a $250 million private placement financing, with funds used to increase its holdings of ETH.

After the announcement, the company's stock price soared rapidly, with the stock price at $4.26 before the announcement and rising to a maximum of $161 over four trading days after the announcement, increasing more than 30 times in just four days, a rise comparable to meme coins, which is much better than the hard work of mining! It is also more profitable and faster than trading cryptocurrencies, and you control a large amount of chips, making the risks more manageable.