Bitmine Immersion Technologies (BMNR) closed at $46.03, down 8% with a trading volume of 63.8 million shares. Market cap is $7.98 billion. S&P 500 and Nasdaq Composite both rose despite Bitmine’s decline.

Bitmine raised $20 billion to increase Ethereum holdings. Stock issuance concerns investors. Coinbase Global (COIN) ended up 0.16%. Bitcoin at $112,070, Ethereum at $4583.72.

Investors monitor Ethereum price and Bitmine’s capital strategy. Stock Advisor’s top 10 stocks exclude Bitmine. Total average return is 1,069%. Stock Advisor returns as of August 25, 2025.

Read more at Nasdaq: Stock Market Today: Bitmine Immersion Technologies Drops After Ethereum Purchase