🔴 BMNR is trading 3.7% down today as Ethereum's drop hits holdings and leadership changes fuel dilution fears

BMNR is trading at $20.66 (-3.7%) as a -4.41% drop in Ethereum pressures its massive ETH holdings, leading to an estimated $6.8-8 billion in unrealized losses.

• The company's ETH holdings represent over 3% of the total supply, making its valuation highly sensitive to cryptocurrency price volatility.
• Recent leadership changes, including the exit of the president and a new ESOP shelf filing, have sparked investor concerns regarding potential share dilution.
• Bearish sentiment in the broader crypto market adds further pressure, with Bitcoin also trading down -1.37%.