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Bitmine Immersion Stock Plummets 20% Following $2B ATM Offering – What’s Next for Investors?
Bitmine Immersion Stock Plummets 20% Following $2B ATM Offering – What’s Next for Investors?
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Another brutal day for Bitmine Immersion shareholders as the stock tanks 20% post-massive $2B ATM offering. The crypto-mining play can’t catch a break—just another Tuesday in the volatile world of public blockchain plays.
Market watchers are left wondering: Is this a buying opportunity or a sinking ship? The ATM offering—Wall Street’s favorite way to dilute retail investors—has clearly spooked the street.
Meanwhile, crypto bulls shrug. 'Miners always bleed before the halving,' says one trader, eyeing the long game. But with institutional money fleeing and retail left holding the bag, the pain might not be over yet.
Funny how these 'at-the-market' offerings never seem to benefit the little guys. Just saying.
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