BMNR Plummets 5.95% on $1.74B Volume, Ranks 35th as Ethereum Treasury Expands to $8.3B

Generated by AI AgentAinvest Volume Radar
Thursday, Sep 4, 2025 8:31 pm ET1min read
Aime RobotAime Summary

- BMNR plummeted 5.95% on $1.74B volume, ranking 35th as it expanded its Ethereum treasury to $8.3B.

- Chairman Thomas Lee reaffirmed Ethereum’s long-term potential, with BMNR holding 1.5% of the token supply.

- ARK Invest boosted its stake via a $15.6M Ethereum purchase, but analysts warned of valuation risks detached from BMNR’s asset base.

- Short-term price remains tied to Ethereum’s performance and macroeconomic shifts despite bullish commentary.

On September 4, 2025,

(BMNR) closed at $42.19, down 5.95%, with a trading volume of $1.74 billion, ranking 35th in market activity. The stock’s decline followed recent volatility linked to its treasury strategy and broader market dynamics.

BitMine announced an expanded Ethereum treasury, increasing holdings to $8.3 billion by acquiring 153,075 ETH units over 10 days. Chairman Thomas Lee reiterated confidence in Ethereum’s long-term potential, emphasizing its role in blockchain-driven financial transformation. The company remains the largest Ethereum treasury holder globally, controlling 1.5% of the token supply, and ranks second in total cryptocurrency assets behind Bitcoin-focused peers.

Recent institutional activity included a $15.6 million Ethereum purchase by ARK Invest, boosting its stake in BitMine. However, mixed investor sentiment emerged as some analysts highlighted risks tied to the stock’s valuation, which appears disconnected from its asset base. Despite bullish commentary from market observers, short-term price movements remain sensitive to Ethereum’s performance and broader macroeconomic shifts.

Backtest results for the period confirm BMNR’s 5.95% decline on September 4, with a volume of $1.74 billion. The stock closed at $42.19, reflecting continued volatility amid strategic updates and market sentiment fluctuations.

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