BitMine Immersion holds approximately $500 million of Ethereum; shares up over 5%

• Bitmine Immersion Technologies (NYSE:BMNR) announced on Monday that the company's holdings of ETH exceeding $500 million.
• Shares of BMNR rose over 5% to $42.76 during premarket trading.
• The company said it closed on its initial private placement of $250 million on