BMNR is trading at $16.60 (-4.6%) in after-hours trading, extending a sharp multi-day decline as a broader crypto market selloff pressures firms with heavy Ethereum exposure.
- BTC and ETH have fallen approximately 4% since the last close, contributing to a 24-hour decline of over 16% for both major assets.
- The stock has plummeted from a high of $29.63 on January 28, mirroring industry-wide stress as peers face an estimated $19 billion in unrealized losses.
- No company-specific news was released today; the firm's most recent update on February 2 regarding its ETH holdings was initially viewed as positive.