Hello, friends! Today we will discuss a hot topic that everyone in the crypto world is talking about — BitMine Immersion Technologies has increased in value by 3000% in a week! 😮📈
❓ What happened?
The company announced that it plans to issue shares worth $250 million to invest these funds in Ethereum (#ETH ) — one of the largest cryptocurrencies. And not just for investment, but to hold ETH as a corporate reserve. Yes, just as companies used to hold gold or dollars, now it's ether! ✨🪙
🧠 For beginners:
Corporate reserves are like a stash for businesses. If a company decides to hold part of its capital in cryptocurrency, it indicates its trust in digital assets.
🔥 Why is everyone so excited?
This is a rare step: usually, companies choose $BTC , but here — $ETH .
Stock issuance = investor trust. People are buying shares, hoping for the company's growth.
3000% — that's wow. But remember: 🚨 high growth = high risk. This often happens amid hype.
💬 Conclusion: even traditional businesses are starting to use crypto as a financial instrument. This indicates the growing recognition of ETH — not only among geeks but also on Wall Street. 😉
