Bitmine Immersion Technologies (BMNR) announced its total crypto and cash assets reached $10.7 billion, driven by 4.285 million Ethereum tokens held, but the stock dropped 9.16% following the news.
- The sell-off was primarily fueled by investor concern over the disclosure of over $6 billion in notional, unrealized losses on its ETH treasury.
- The announcement was made on February 2, 2026, amidst the ongoing crypto rout, as noted by Seeking Alpha News.