Bitmine Immersion Technologies (BMNR) stock has fallen approximately 48% over the last three months. An analysis published December 27 confirmed that the subsequent market correction aligns with fair value estimates. Valuation models from September 2025 had previously indicated the stock was significantly overvalued.
The price drop moved the stock from over €54 to €28.30. This significant correction occurred despite BMNR’s continued aggressive accumulation of cryptocurrency.
BMNR announced its substantial holdings in a December 22 press release. The company’s Ethereum (ETH) tokens surpassed 4 million, representing 3.37% of the total ETH supply. At that time, BMNR valued its total assets in crypto and cash at $13.2 billion.