Bitmine Shares Slip After Ether Dips Below $2,000, Spotlight on $12.3 Billion Crypto Bet
Bitmine Immersion Technologies shares fell 4.6% to $17.96 Thursday after ether dropped below $2,000 for the first time since March. The company reported holding 5.39 million ETH and $12.3 billion in crypto, cash, and other investments as of May 25. Bitmine is on FTSE Russell’s preliminary Russell 3000 additions list, with the index rebalancing set for June 26. Peers Strategy and SharpLink also traded lower.