Why Is BitMine Stock Sliding Today?
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BitMine Immersion Technologies Inc (NYSE:BMNR) shares fell 3.24% on Monday after announcing its cryptocurrency holdings reached 4.24 million Ethereum, valued at $2,839 per token. The company's total holdings, including cash and investments, amount to $12.8 billion. BitMine's staked ETH is valued at $5.7 billion, with a goal to launch its MAVAN staking solution in Q1 2026. The company has institutional backing and ranks as the 91st most traded stock in the U.S. with an average daily volume of $1.2 billion.
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