BMNR Falls 5% as BitMine Buys 40,613 ETH for $82M; $8B Paper Loss Widens

BitMine Immersion Technologies said it bought 40,613 ETH for $82 million at about $2,020 per token via FalconX, lifting its holdings to 4.3 million ETH. BMNR traded 5% lower to $19.40 before the open after a $20.45 close, as the company navigates a sharp ETH drawdown and recent leadership changes.