Ethereum Giant BitMine Immersion Technologies and top Bitcoin Treasury Strategy shares slipped amid a renewed wave of investor concerns, with their respective select assets falling sharply on Thursday.
At the close of trading on Thursday, BitMine’s stock price, with the Nasdaq ticker BMNR, fell nearly 10%, changing hands at $26.70. BMNR fell to $26.02 on the day, which was the same as the closing price of $26.02 on November 2, 2025.
Earlier this week, Tom Lee’s BitMine acquired $116 million worth of ETH, the largest acquisition so far in 2026. The company has made three other acquisitions since the start of the year: $108 million, $76 million and $100 million. The ethereum finance company currently holds about $11.9 billion worth of ETH, accounting for 3.5% of the total supply, according to a tracker maintained by price aggregator CoinGecko.
Meanwhile, Strategy shares saw a similar slide, falling to their highest level in more than a year. By the close, MSTR was also down nearly 10%, changing hands at $143.19. Thursday’s low of $139.36 was MSTR’s lowest price since September 2024, according to Yahoo Finance data.
The company, co-founded by chairman and outspoken Bitcoin bull Michael Saylor, also increased funding on Monday. MSTR announced it spent $267 million to buy Bitcoin last week. The 712,647 Bitcoins in its vaults are currently worth approximately $60 billion at current prices.
Bitcoin plunge could get worse as death cross gains strength
Stocks and cryptocurrency markets both fell on Thursday amid signs of potential turmoil. The U.S. Senate on Thursday afternoon rejected a continuing resolution aimed at averting a partial government shutdown. Lawmakers have until Saturday to reach a deal. Meanwhile, a plunge in Microsoft’s stock price has heightened lingering concerns about an artificial intelligence bubble.
Bitcoin fell more than 5% on the day and was last trading at $84,416 after partially recovering from a daily low of $83,407. It remains above recent lows hit in late November, when the Bitcoin billionaire dumped all $1.3 billion of his assets into the market, briefly dipping below $83,000. Meanwhile, Ethereum has fallen to $2,816, trading 6.6% lower than yesterday, according to CoinGecko.
The dramatic price movements have stimulated users of Myriad, the prediction market platform owned by Myriad. Decrypt Parent company Dastan stated that there is a possibility that Ethereum will reach $2,500 before recovering to $4,000. On Thursday, the probability of users predicting that the coin will fall further increased from 65% to over 75%.
