BitMine Immersion Rockets 40% on $500M ETH Treasury Bombshell
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Hold onto your hardware wallets—BitMine Immersion just pulled a nine-figure power move.
The crypto miner's stock went vertical after dropping news of a half-billion-dollar Ethereum war chest. Markets reacted like traders mainlining espresso—40% up before lunch.
Behind the surge: A treasury play straight out of MicroStrategy's playbook, but with proof-of-work credentials. Institutional investors are suddenly paying attention, though Wall Street analysts will likely dismiss it as 'another degen bet' between martini lunches.
One thing's clear: When miners start hoarding ETH like digital dragons, the smart money watches where the coins flow next.
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