Why Is BitMine Stock Sliding Today?
Posted On January 26, 2026
BitMine Immersion Technologies Inc (NYSE:BMNR) shares fell on Monday as the company announced its cryptocurrency holdings have reached 4.24 million Ethereum (CRYPTO: ETH) tokens, representing 3.52% of the total ETH supply.
$12.8 Billion in Total Holdings
BitMine announced on Monday that its crypto plus total cash holdings and “moonshots” now total $12.8 billion. As of Sunday the company’s holdings include 4,243,338 ETH valued at $2,839 per token on Coinbase, 193 Bitcoin, $200 million stake in Beast Industries, $19 million stake in Eightco Holdings Inc (NASDAQ:ORBS), and …
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