Why Is Bitmine Immersion Stock Falling Friday?
Posted On January 30, 2026
Bitmine Immersion Technologies Inc. (NYSE:BMNR) stock declined on Friday as Ethereum (CRYPTO: ETH) extended losses during afternoon trading.
Ethereum Drops 6% Despite Lee’s Warning
Ethereum plunged 6% on Friday to $2,743.53, while Bitcoin (CRYPTO: BTC) traded at $83,195.06. Fundstrat’s Tom Lee urged investors not to abandon Ethereum out of fear of missing out (FOMO), responding to a post from Bitmine that highlighted gold and silver’s year-to-date surge of 18% and 52%, respectively.
“Own what works. But don’t let FOMO make you abandon good ideas,” Lee stated, according to …
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