Bitmine Immersion Technologies (BMNR), Ether Strains
Sel-off comes right after Bitmine to close out its $250 million funds and secure the market
This decline followed Bitmine's parabolic run, followed by 3,000% of the year after announcing its financial strategy focused on Ethereum and naming fund strut Tomley as board chairman.
However, Coindesk reported last week that price action mirrors a similar arc seen in Sharplink Gaming (SBET).
BMNR has fallen 65% since the report.
Read more: Tom Lee's Bitmine Surges Eth Treasury Strategy 3,000% Surges, but Sharplink's Plunges Need to Be Careful