Ether-linked stocks jump as crypto coin hits 6-month high
By Medha Singh
(Reuters) -Cryptocurrency-related stocks rose in premarket trading on Friday, with shares linked to ether leading the charge after the No. 2 crypto hit a six-month high.
Shares of BitMine Immersion Technologies, which holds about $1 billion worth of ether, soared 14%. Other ether holding firms Bit Digital and BTCS added 4% and 12.5%, respectively.
Ether climbed to $3,675.81, its highest since January 6, and was last up 5% at $3,601.40, outperforming bitcoin, which eased 0.7% to $118,961 after hitting a record high of $123,153 this week.
BitMine, where tech billionaire Peter Thiel is the top investor and Fundstrat’s Tom Lee serves as chairman of the board, said on Thursday it had accumulated 300,657 ether in…
