Bitmine Immersion Technologies (BMNR) Stock Price Falls 3% as Ethereum Price Slips Below Latest Treasury Mark
Bitmine Immersion Technologies shares fell about 3% to $20.74 in early New York trading Thursday as ethereum’s ether dropped near $2,139.93. The company reported holding 4.6 million ETH and $1.2 billion in cash and other assets as of March 15. Bitmine said it bought 60,999 ether last week and now owns 3.81% of total ETH supply. Wall Street’s weaker tone and lower crypto prices pressured other related stocks.