Shares of BitMine rallied on Aug. 7 ET as investors re-focused on the company’s Ethereum-heavy balance sheet, underscoring a growing market theme: public equities increasingly trading as proxies for large crypto treasuries. The stock briefly surged about 9% intraday before closing up 2.8% at $18.82, reflecting both enthusiasm around its digital-asset exposure and lingering questions about how fully the market is pricing that exposure in.
The company, which carries an approximately $11.9 billion market capitalization, traded between $18.13 and $19.30 during the session, highlighting elevated… Read more







