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

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

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