According to Bijiie, Bitmine Immersion added 9,176 ETH, valued at $29.18 million, as the price of ETH fell over 10% to $3,142. BMNR stock dropped 9.86% to $36.57 on Thursday and fell further by 2.35% in pre-market trading on Friday. The decline in ETH price triggered selling pressure, while Tom Lee's Fundstrat-backed company continued its ETH accumulation strategy. Chain data shows the ETH was received by a newly created wallet linked to Bitmine from Galaxy Digital. Bitmine also holds 192 BTC and $398 million in cash, with total ETH holdings reaching 3,505,723, or 2.9% of the total supply.
Bitmine Immersion Adds 9,176 ETH Amid ETH Price Drop and BMNR Stock Decline
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