Bitmine Immersion Technologies (BMNR) Stock Is Getting Hammered: What’s Going On?
Posted On October 30, 2025
Bitmine Immersion Technologies Inc (AMEX:BMNR) shares traded lower Thursday afternoon, giving back the week’s earlier gains. This was happening while there was a drop in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). The downturn also came despite a flurry of positive news that sent the stock soaring on Monday.
- BMNR is feeling the pressure from bearish momentum. Check the market position here.
What To Know: This week, BitMine announced a significant expansion of its cryptocurrency holdings, revealing it now controls 2.8% of the total Ethereum token supply.
The company’s assets, which include 3.31 million Ethereum and $305 million in cash, are now valued at $14.2 billion. This move puts BitMine past the halfway mark of its “Alchemy of 5%” goal to acquire 5% of all Ethereum.
The …
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