BMNR on a U.S. Stock Exchange Surges 440%

BlockBeats News, June 30 — According to market data, US stock BMNR has surged by 440%, currently quoted at $23.04, up $18.78 in a single day.

As previously reported by BlockBeats, an exchange announced earlier today that it had completed a large-scale private placement of $250 million, issuing 55,555,556 shares at a price of $4.50 per share. The exchange plans to use the funds primarily to increase its holdings of Ethereum (ETH), aiming to make it a core reserve asset, while continuing to focus on its main business of Bitcoin mining.