Bitmine Faces $13.4B Ether Position Into Monday After Weekend Drop
Bitmine Immersion Technologies is on the back foot at the start of the week after shares sold off hard on Friday. Traders are watching its big Ethereum stake as the token fell over the weekend. The stock settled at $19.87 on Friday, dropping 9.7% as it wrapped the week off 10.4%. After hours, shares were flat near $19.82. Volume was high with close to 49.7 million shares traded.