<ul data-eligibleForWebStory="false">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.