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BitMine Immersion’s $6.6B Ethereum Haul Fails to Prevent 7% Stock Plunge as ETH Stumbles

BitMine Immersion’s $6.6B Ethereum Haul Fails to Prevent 7% Stock Plunge as ETH Stumbles

Author:
Coindesk
Published:
2025-08-18 14:23:12
12
1

BitMine Immersion's Ether Holdings Top $6.6B, Stock Slides 7% Alongside ETH's Tumble

BitMine Immersion just flashed a $6.6B Ethereum war chest—and Wall Street responded by dumping its stock like a hot potato.

When whales bleed, minnows panic

The crypto miner’s paper gains evaporated faster than a DeFi rug pull as ETH’s price wobble triggered a 7% shareholder exodus. Turns out holding billions in volatile assets makes institutional investors twitchy—who knew?

Silver lining? At least they’re not stuck with worthless stock options like some legacy finance CEOs.

|Square

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