BMNR is trading at 3.8% down now at $29.92 after surging 19.6% to $31.10 on November 24, 2025, driven by major news that BitMine Immersion aggressively increased its Ethereum holdings—now controlling 3% of ETH supply—and announced a new dividend policy. The previous session’s rally was fueled by disclosures of tens of millions in Ethereum purchases, a confirmed $0.01 dividend, and management’s bullish stance on becoming a high-beta proxy for ETH with staking upside. Today’s pullback appears to be a technical correction following yesterday’s outsized gains, with no new company-specific news or negative catalyst reported so far. Trading activity remains elevated, reflecting ongoing volatility after the crypto-treasury and dividend announcements.