Just curious if anyone has looked into or bought Bitmine Immersion (BMNR) over the past week or so?
I was digging around Monday & ran across it because it went from 4.26 to 33.90 (+ 695%) in one day. It seems mainly because they announced that Tom Lee (CNBC guy) is gonna be their chairman & they're going to copy the MSTR Michael Saylor strategy (but for Ethereum instead of BTC.)
I didn't buy it of course but watched it all week & since then It's went all the way up to $135 !!! Seriously, WTF?
As I told myself everyday for the last 5 days, I think that this is just a publicity stunt I will come crashing down any day now but damn was I wrong so far.
All I know from past dealings with ETH is that it's slow & the fees are stupid high & why most ppl think it's worthless for real world applications. I think part of what's driving it is the whole stable coin pump & ETH's relationship to stables?
Does anyone have any wisdom they'd like to add? It would be greatly appreciated.
I kick myself that I didn't throw some gambling $$ down on it last Monday & I HATE chasing hot stocks like this.
Anyway, here's a small video on it for reference.