BMNR is trading at $27.81 (-3.44%) in pre-market, following stockholder approval on January 15 to increase authorized shares from 500M to 50B, which has raised significant dilution concerns.
- The company maintains substantial crypto holdings, including 4.203M ETH tokens valued at $14.5B.
- The drop occurs despite a recent $200M investment secured from Beast Industries.
- The decline is tied to governance risks and a technical breakdown below the $31 support level.