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BitMine Immersion Technologies (BMNR) lifted its Ethereum treasury above 5.78 million ETH, roughly 4.8% of total supply and worth about $11.27 billion at an ETH price of $1,948. The stock jumped 13% to $17.57 after the treasury update, but fell more than 4% in premarket trading amid the broader crypto correction, underscoring BMNR's role as a leveraged ETH beta play similar to MicroStrategy's BTC model. Watch whether continued accumulation tightens ETH float and supports spot prices, or whether a deeper drawdown pressures the stock's premium to net asset value and forces a pause in purchases.
As a Crypto signal, watch whether it changes price action, volatility, or flows around BMNR, ETH.
Original Source: 토큰포스트
This page is market information analysis, not investment advice.
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