Why Is Bitmine Stock Surging Monday?
BMNR stock surges 11% as Bitmine Immersion reveals $11.8B in total assets, massive share buybacks, and strong ETH yield.
Bitmine told people it has a lot of money ($11.8 billion) and is buying back its own stock, which made people want to own a piece of it. When a company does this, it can mean leaders think the company is worth more than the price shows right now.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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