BMNR is trading at $27.30, down 3.35%, as continued weakness in Ethereum (now at $2,887.33) pressures the company's substantial crypto treasury holdings.
- The current drop follows a sharp 9.37% decline yesterday, directly impacting BitMine's 4.203 million ETH held in reserve.
- Positive developments, such as shareholder approval for expanded shares and a $200 million Beast Industries investment, are being overshadowed by market sentiment.
- Broader macroeconomic uncertainty, particularly U.S.-EU trade concerns, is contributing to the significant market weakness.