NEW YORK — Friday, December 26, 2025 (2:06 p.m. ET): U.S. stocks are trading in a typically thin, post-Christmas session, with major indexes hovering near record highs as investors track the “Santa Claus rally” window into early January. ^[1]

Against that backdrop, BitMine Immersion Technologies, Inc. (NYSE American: BMNR) is moving like a high-beta crypto proxy—reacting not just to equity risk appetite, but especially to Ethereum (ETH) price swings and to company-specific governance and capital-structure headlines. ^[2]

BMNR stock price right now (and why it’s moving)

As of the latest available intraday print around early afternoon in New York, BMNR is about $28.58, down roughly 2.6% on the day, with heavy volume.

At the same time,…