Why Is BitMine Stock Sliding Today?

Benzinga00:06

BitMine Immersion Technologies Inc (NYSE:BMNR) shares fell on Monday as the company announced its cryptocurrency holdings have reached 4.24 million Ethereum (CRYPTO: ETH) tokens, representing 3.52% of...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2606244177?lang=en_US&edition=fundamental","thumbnail":"https://www.benzinga.com/files/images/story/2026/01/26/Golden-Bitcoin-Lies-On-The-Banknotes-new.jpeg","is_english":true,"pubTime":"2026-01-27 00:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2606244177","market":"nz","top_or_hot":-1,"title":"Why Is BitMine Stock Sliding Today?","media":"Benzinga","content":"<div>\n<p>BitMine Immersion Technologies Inc (NYSE:BMNR) shares fell on Monday as the company announced its cryptocurrency holdings have reached 4.24 million Ethereum (CRYPTO: ETH) tokens, representing 3.52% of...</p>\n\n<a href=\"https://www.benzinga.com/markets/equities/26/01/50131960/why-is-bitmine-stock-sliding-today\">Source Link</a>\n\n</div>\n","source":"Benzinga","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Is BitMine Stock Sliding Today?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Is BitMine Stock Sliding Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-27 00:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/equities/26/01/50131960/why-is-bitmine-stock-sliding-today><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BitMine Immersion Technologies Inc (NYSE:BMNR) shares fell on Monday as the company announced its cryptocurrency holdings have reached 4.24 million Ethereum (CRYPTO: ETH) tokens, representing 3.52% of...</p>\n\n<a href=\"https://www.benzinga.com/markets/equities/26/01/50131960/why-is-bitmine-stock-sliding-today\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4601","symbol_name":"加密货币现货ETF","start_time":0,"source_url":"https://www.benzinga.com/markets/equities/26/01/50131960/why-is-bitmine-stock-sliding-today","article_id":"2606244177","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2026/01/26/Golden-Bitcoin-Lies-On-The-Banknotes-new.jpeg"],"rights":{"source":"Benzinga","url":"https://www.benzinga.com/markets/equities/26/01/50131960/why-is-bitmine-stock-sliding-today","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2606244177","pubTimestamp":1769443602,"columns":[],"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"BitMine Immersion Technologies Inc (NYSE:BMNR) shares fell on Monday as the company announced its cryptocurrency holdings have reached 4.24 million Ethereum ","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4601":"加密货币现货ETF","BMNR":"BitMine Immersion Technologies Inc.","BK4136":"纸材料包装"},"translate_title":"为什么比特矿股票今天下跌？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BMNR":1.98},"content_text":"BitMine Immersion Technologies Inc (NYSE:BMNR) shares fell on Monday as the company announced its cryptocurrency holdings have reached 4.24 million Ethereum (CRYPTO: ETH) tokens, representing 3.52% of the total ETH supply.$12.8 Billion in Total HoldingsBitMine announced on Monday that its crypto plus total cash holdings and “moonshots” now total $12.8 billion. As of Sunday the company’s holdings include 4,243,338 ETH valued at $2,839 per token on Coinbase, 193 Bitcoin, $200 million stake in Beast Industries, $19 million stake in Eightco Holdings Inc (NASDAQ:ORBS), and total cash of $682 million.The company stated it is nearly 70% of the way to its “Alchemy of 5%” goal in just six months.BitMine’s staked ETH stands at 2,009,267 tokens, valued at $5.7 billion at current prices, representing an increase of 171,264 in the past week. The company announced its MAVAN (Made in America Validator Network) staking solution remains on track to launch in Q1 2026.Institutional Support and Trading VolumeThe company disclosed it acquired 40,302 ETH in the past week. BitMine is backed by institutional investors, including ARK‘s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG and Galaxy Digital. According to Fundstrat data, BMNR ranks as the 91st most traded stock in the U.S., with an average daily dollar volume of $1.2 billion based on five-day averages as of Jan. 9.Price Action: BMNR shares were down 3.24% on Monday following the announcement, according to Benzinga Pro data.Read Next: BitMine’s ETH Holdings Hit $14.5B, But BMNR Plunges 7%Image via ShutterstockBMNRBitMine Immersion Technologies Inc$27.91-3.07%Overview$ETHEthereum$2891.972.74%ORBSEightco Holdings Inc$1.38-1.79%This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.Market News and Data brought to you by Benzinga APIs© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2606244177","isCrawlerRequest":true}