Tom Lee’s BitMine Holds 4.66 Million ETH but Can’t Escape a 6-Month Slide
BitMine Immersion Technologies (BMNR) stock is trading near $21. 24, up just 4% over the past month, while Ethereum (ETH), the asset that underpins its entire treasury, has gained 14% in the same period. That performance gap reveals a negative upside beta, where BMNR fails to capture ETH’s rallies but remains exposed to its declines. Three technical signals explain why the disconnect persists and what it would take to close it
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