🚨 Bitmine Tanks Another 20% After $2B Stock Bombshell 💥
Remember that $ETH treasury hype? Yeah... it’s unraveling fast.
After riding a 3,000% rocket 🚀 thanks to its Ethereum$ETH pivot and Fundstrat’s Tom Lee jumping aboard, Bitmine Immersion (BMNR) just pulled a classic move:
📉 Announced a $2B at-the-market ($ATM ) stock sale.
Investors? Not thrilled. BMNR dumped another 20% Thursday, following a 40% nosedive the day before. That’s a total drawdown of 65% 😬
Why the panic?
🔹 $2B is a massive dilution
🔹 Cantor Fitzgerald + ThinkEquity are offloading shares at will
🔹 Déjà vu of Sharplink Gaming: pumped hard, crashed harder
Bitmine’s still riding the Ethereum narrative… but will the market keep buying it?
🧠 Lesson: Hype fades fast when dilution hits.
💬 Holding BMNR? Or dodged the bullet? Drop your hot take below! 👇
#BinanceSquare #ETH #CryptoStocks #BMNR #Web3 #TomLee #StockMarket