BitMine (BMNR) Stock Plunges 33% Despite Aggressive Ethereum Accumulation Strategy

Bitmine Immersion Technologies (BMNR) has expanded its Ethereum holdings to an impressive 5.42 million ETH, which constitutes 4.49% of the cryptocurrency's total 120.7 million token circulation. With ETH trading at approximately $2,003 per coin, this strategic position translates to roughly $10.8 billion in value.