Why Bitmine Immersion Technologies Stock Flipped Into the red This Week
Summarize this article with:
By Eric Volkman – Dec 19, 2025 at 11:56AM ESTKey PointsMany investors were giving cryptocurrencies and related assets the cold shoulder over the past few days.Bitmine couldn't buck that trend, as it's a top holder of Ethereum.These 10 Stocks Could Mint the Next Wave of Millionaires ›NYSEMKT: BMNRBitmine Immersion TechnologiesMarket Cap$12BToday's Changeangle-down(9.88%) $2.81Current Price$31.24Price as of December 19, 2025 at 12:28 PM ETRecent trends aren't friends of this company.As stock investors, we are all aware that most equities eventually obey the law of gravity. Sure enough, after a brief bull run, Bitmine Immersion Technologies (BMNR +9.88%) saw its shares plunge underwater this week. According to data compiled by S&P Global Market Intelligence, BitMine's stock price was underwater 11% week-to-date as of mid-session trading on Friday. Enthusiastic about Ethereum Bitmine is essentially a crypto treasury company with a little equity on top. Far and away its No. 1 asset is Ethereum, of which it is one of the top institutional holders in the world. Image source: Getty Images. The company updates its holdings every week, and on Monday, it divulged that it held 3,967,210 Ethereum. That gave it 3.2% of the token's total supply, it said. That meant it accumulated 102,259 Ethereum since the previous week's update. As for BitMine's other holdings, there was no change in its Bitcoin portfolio, which consisted of 193 units, nor in its cash position of $1 billion. Its shareholding in peer crypto company Eightco Holdings was worth $38 million at that point, up from the week-ago figure of $36 million. ExpandNYSEMKT: BMNRBitmine Immersion TechnologiesToday's Change(9.88%) $2.81Current Price$31.24Key Data PointsMarket Cap$12BDay's Range$29.60 - $31.4752wk Range$3.20 - $161.00Volume940KAvg Vol46MGross Margin-1988.52%Dividend Yield0.04% Waiting for a spark Cryptocurrencies of various sizes and profiles rose, predictably, when the Federal Reserve cut its rates earlier this month (lower rates favor such assets, as market players tend to take on riskier plays and eschew safe, income-producing investments).Advertisement Yet Fed officials have signaled further cuts might be thin on the ground in 2026, lowering sentiment on coins and tokens generally, and there isn't much else powering crypto prices upward just now. I don't envision a sudden, price-boosting event happening to Ethereum in the very near future. Since that's far and away BitMine's prize holding, I wouldn't feel compelled to buy the company's stock either.Read NextDec 12, 2025 •By Eric VolkmanWhy Bitmine Immersion Technologies Stock Was Crushing it This WeekDec 1, 2025 •By Eric VolkmanWhy BitMine Immersion Technologies Stock Plummeted on MondayNov 24, 2025 •By Eric VolkmanWhy BitMine Immersion Technologies Stock Surged Nearly 20% Higher TodayNov 21, 2025 •By Brett SchaferWhy Bitmine Immersion Technologies Collapsed 24.4% This WeekNov 20, 2025 •By Eric VolkmanWhy Bitmine Immersion Technologies Stock Tumbled by Nearly 11% TodayOct 23, 2025 •By Lyle Daly1 Reason Why Bitmine Could Be the Hidden Winner From the AI-Crypto CrossoverAbout the AuthorEric Volkman is a contributing Motley Fool finance and stock market analyst. Previously, Eric was an equities analyst at European investment bank Raiffeisen Capital and Investment. He’s also been a freelance finance writer since 1995. He studied at Susquehanna University.TMFVolkmanStocks MentionedBitmine Immersion TechnologiesNYSEMKT: BMNR$31.24 (+0.10%) $+2.81BitcoinCRYPTO: BTC$88214.00 (+0.03%) $+2173.33EthereumCRYPTO: ETH$2982.35 (+0.04%) $+114.09EightcoNASDAQ: ORBS$2.37 (+0.02%) $+0.04*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.Advertisement