BitMine Immersion Technologies (BMNR) Stock Today: Cathie Wood Buys the Dip as BitMine Pushes Toward 5% of Ethereum Supply
BMNR shares fell 11.2% to $30.95 amid a broad crypto selloff on December 16. Cathie Wood’s ARK Invest bought 550,404 shares after the drop, investing about $17 million. BitMine reported its Ethereum holdings now represent a significant portion of total supply, shifting its profile toward an Ethereum treasury model.