👉 Surge in ETH Holdings, Then a Dip — BMNR Reacts, What Should Traders Do?
BitMine recently bolstered its Ethereum treasury—adding nearly 190,000 ETH via its $20 billion capital raise—culminating in holdings worth over $8–9 billion. Yet, shares slid nearly 8% in the wake of Ethereum’s pullback below key levels around $4.6K.
Nevertheless, veteran investor Cathie Wood’s ARK Invest acquired over 339,000 BMNR shares across its ETFs, reaffirming long-term bullish conviction. This highlights a clear divergence between short-term price reaction and institutional positioning.
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