Ethereum
BitMine Stock Slides Despite $73 Million Ethereum Buy, Treasury Strategy Faces Doubts
TokenPost·July 18, 2026·1 min read
BitMine Immersion Technologies ($BMNR) shares slid despite buying $73 million in Ethereum (ETH) for its treasury. The stock closed at $15.69 after a low of $14.67, far below its 52-week high of $71.74. The market is not rewarding the strategy, with investor confidence in the business model waning.
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