Bitmine Stock Drops 3.61% as Ethereum Price Decline Pressures $14 Billion Crypto Treasury Holdings

Bitmine Immersion Technologies (BMNR) stock dropped 3.61% to $31.48 on January 16, 2026, pressured by widespread selling across the broader cryptocurrency market.

• The decline followed a 2.6% drop in Ethereum (ETH), an asset of which BMNR holds 4.17 million tokens as part of its $14.0 billion treasury strategy.
• Investors are currently awaiting the release of details from the highly consequential annual stockholder meeting that concluded on January 15, 2026.