👉 BMNR Stock Slips After-Hours as ETH Pulls Back — What’s Behind the Move?
BitMine Immersion Technologies (NYSE: BMNR) dipped nearly 7–8% in Wednesday’s after-hours trading as Ethereum (ETH) retraced some of its recent gains, dipping below the $4.6K mark. The pullback comes amid Bitcoin-to-Ethereum rotation and minor concerns over dilution after BitMine’s recent $20 billion stock raise to ramp up ETH accumulation.
Meanwhile, Cathie Wood’s ARK Invest doubled down, purchasing roughly $15–17 million in BMNR despite the declines. This move signals institutional confidence even amid short-term volatility.
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