NEW YORK, January 1, 2026, 20:10 ET — Market closed
- BitMine Immersion Technologies (BMNR) last closed down about 2% on Dec. 31 after swinging sharply intraday.
- CoinDesk reported South Korean retail traders kept buying BMNR despite the stock’s steep slide from its July peak.
- A recent SEC filing showed the company circulating text-message scripts as it pushes shareholders to vote ahead of its annual meeting.
BitMine Immersion Technologies Inc shares fell 2.06% to $27.15 on Wednesday, ranging from $28.08 to $26.84 on volume of about 33.88 million shares, ahead of the New Year’s Day market closure. CoinDesk reported South Korean retail traders kept buying BMNR despite an 80% drop from its July peak.
The fresh focus matters because BMNR has become a high-volatility trade tied to crypto sentiment and flows, rather than just company fundamentals. BitMine describes itself as running “ETH treasury operations” — shorthand for holding ether on the balance sheet and managing it as a corporate asset.
That setup can magnify swings when concentrated buyers push in or pull back, especially in thinner market pockets. With U.S. trading set to resume on Friday, investors will be looking for whether the cross-border bid cited in the report carries into the first session of 2026.
Crypto prices were mixed in the background, with ether last around $3,001 and bitcoin near $88,666. Other crypto-linked stocks ended the year’s final session lower, including Strategy, Marathon Digital, Riot Platforms and Coinbase.
Company filings show BitMine is also in the middle of an aggressive shareholder-vote push. In a Schedule 14A filing — a document used to communicate with shareholders about voting matters — the company included a text-message script urging investors to “VOTE YOUR SHARES TODAY” and pointing them to a message from chairman Tom Lee.
The company’s definitive proxy statement sets its annual meeting for Jan. 15 in Las Vegas and requires would-be in-person attendees to register in advance by Jan. 13 at 11:59 p.m. Eastern, the filing said. It also laid out deadlines for submitting questions ahead of the meeting. SEC
For investors, the near-term question is whether the vote campaign signals unusual governance sensitivity, or simply a push to boost participation after a year of heavy volatility. Either way, proxy-related headlines can add another catalyst to a stock already trading on crypto momentum.
Before the next session, traders will be watching whether crypto prices move sharply in holiday-thinned conditions and whether BMNR opens with the same outsized volume seen in the final sessions of 2025. Liquidity — how easily shares can be traded without moving the price — will be a key factor if retail-driven demand accelerates again.
On the chart, Wednesday’s low near $26.84 is the first level many short-term traders will treat as “support,” where buyers have recently stepped in. The prior high around $28.08 is an early “resistance” marker, a zone where selling has tended to appear.
Investors will also watch for any follow-on SEC filings tied to the meeting, and for updates on how the company is managing its crypto treasury and related services as 2026 begins. In BMNR, the next leg often comes from a mix of crypto tape, retail positioning and corporate disclosures — sometimes all in the same week.
