BitMine Immersion gains after Cathie Wood's ARK acquires stake
22/07/2025 13:57
** Shares of crypto firm BitMine Immersion BMNR.A gain 2.8% to $40.67 premarket ** U.S. tech investor Cathie Wood's ARK Invest acquires stock worth $182 mln in co, representing about 4.7 mln shares ** BMNR to invest proceeds to buy ethereum - a cryptocurrency - in an advance to its ethereum treasury strategy ** Co had announced a $250 mln private placement to initiate the treasury on June 30, sending its shares up nearly 700% ** Palantir co-founder Peter Thiel had revealed a 9.1% stake in BMNR last week, becoming the top investor in co ** As of last close, BMNR stands at a market cap of $2.04 bln with about 51.6 mln shares outstanding ** Stock has soared over 400% YTD, till Monday's close (Reporting by Purvi Agarwal in Bengaluru) ((Purvi.Agarwal@thomsonreuters.com))