BMNR is trading 4.2% down at $13.22 as investors digest its massive Ethereum treasury position and recent volatility in ETH.
- The company holds approximately 4.7%–4.8% of the total circulating Ethereum supply, creating significant exposure to crypto price swings.
- Traders are reacting to both company-specific treasury concentration and broader crypto market pressure, driving continued weakness after a sharp multi-week drawdown.