Bitmine Immersion Technologies Inc (NYSE:BMNR) shares are trading higher Monday morning as investors respond to Ethereum’s (CRYPTO: ETH) move higher and the company’s growing crypto treasury. Here’s what investors need to know.

Ethereum Rally Lifts Crypto Treasury Stocks

Ethereum jumped about 6% Monday morning, trading near $2,060. The token had been range-bound earlier before buyers pushed it back above $2,000, lifting sentiment across Ethereum-linked stocks.

Bitmine said on Monday that its combined crypto, cash and “moonshot” investments now total about $9.9 billion, including 4.474 million ETH tokens, 195 Bitcoin (CRYPTO: BTC) and $868 million in cash.

As of March 1, roughly 3.04…

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