BitMine Immersion Can’t Stop Buying Ethereum as Crypto Prices Tank
BitMine Immersion Technologies (BMNR) has mirrored the pioneering crypto treasury strategy blazed by Strategy (MSTR), formerly known as MicroStrategy, which transformed corporate balance sheets by amassing Bitcoin (BTCUSD) as a reserve asset. However, BMNR diverged by focusing on Ethereum (ETHUSD), leveraging its proof-of-stake network for potential yields through staking and DeFi applications.
This shift propelled BMNR’s stock in 2025, surging over 600% in just six months amid Ethereum’s rally and broader crypto enthusiasm. Yet, despite remaining 250% above its pre-transition trading levels, the shares have plummeted 83% from their 52-week high of $161, reflecting the brutal crypto downturn.
As Ethereum’s price…
