{"id":55861,"date":"2025-10-30T20:16:35","date_gmt":"2025-10-30T20:16:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=55861"},"modified":"2025-10-30T20:16:35","modified_gmt":"2025-10-30T20:16:35","slug":"bitmine-immersion-technologies-bmnr-stock-is-getting-hammered-whats-going-on","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=55861","title":{"rendered":"Bitmine Immersion Technologies (BMNR) Stock Is Getting Hammered: What&#8217;s Going On?"},"content":{"rendered":"<div>\n<p><strong>Bitmine Immersion Technologies Inc<\/strong> (AMEX:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/BMNR\">BMNR<\/a>) shares traded lower Thursday afternoon, giving back the week\u2019s earlier gains. This was happening while there was a drop in the price of <strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) and <strong>Ethereum<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>). The downturn also came despite a flurry of positive news that sent the stock <a href=\"https:\/\/www.benzinga.com\/trading-ideas\/movers\/25\/10\/48440016\/bitmine-stock-is-moving-higher-monday-whats-happening-2\">soaring on Monday<\/a>.<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>BMNR is feeling the pressure from bearish momentum. <a href=\"https:\/\/www.benzinga.com\/quote\/BMNR\" target=\"_blank\" rel=\"noreferrer noopener\">Check the market position here.<\/a><\/strong><\/li>\n<\/ul>\n<p><strong>What To Know:<\/strong> This week, BitMine announced a significant expansion of its cryptocurrency holdings, revealing it now controls 2.8% of the total Ethereum token supply.<\/p>\n<p>The company&#8217;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 \u201c<a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/10\/48440146\/bmnr-up-5-after-77000-eth-purchase-and-another-120-move-may-be-in-play\">Alchemy of 5%<\/a>\u201d goal to acquire 5% of all Ethereum.<\/p>\n<p>The &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/trading-ideas\/movers\/25\/10\/48543911\/bitmine-immersion-technologies-bmnr-stock-is-getting-hammered-whats-going-on?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Bitmine\" immersion technologies stock is getting hammered: what going on>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitmine Immersion Technologies Inc (AMEX:BMNR) shares traded lower Thursday afternoon, giving back the week\u2019s 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-55861","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/55861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=55861"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/55861\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=55861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=55861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=55861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}