BitMine’s Ethereum Treasury Drops $8B as Ether Falls Below $2,000

TLDR: BitMine’s ETH holdings drop to $8.4B, down $8B from the initial $16.4B investment.  BMNR stock plunges 88% since its July peak amid Ether price declines.  Over 2.9M ETH staked, generating 2.81% annual yield in staking rewards.  BitMine holds $538M cash with no debt, allowing it to maintain ETH positions.   BitMine ETH losses have [...]

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