Bitmine Immersion Technologies (BMNR) announced its Ethereum holdings have reached 4.423 million tokens, representing 3.66% of the global supply. Despite this $9.6 billion treasury milestone, shares fell 5.49% to $19.02 following a significant earnings miss and broader market pressure.
- The company's recent financial report showed revenue of $2.29 million, which trailed analyst estimates by 97.11%.
- In addition to its crypto holdings, Bitmine maintains a $200 million stake in Beast Industries.
- New 15% global tariffs are creating downward pressure on crypto-proxy stocks as digital currencies retreat.