<ul data-eligibleForWebStory="false"><li>BitMine Immersion Technologies raised $250 million to buy Ethereum as a reserve asset, following Michael Saylor's playbook.</li><li>The company surged 3,000% after the announcement, despite reporting a net loss recently.</li><li>Ethereum's role in stablecoins positions it for growth with a $2 trillion market forecast.</li><li>BitMine aims to accumulate Ethereum to secure the network and benefit from stablecoin industry growth.</li></ul>

The stock of a small crypto miner soared 3,000% in a week on a plan to amass a trove of ethereum

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