Bitmine Stock Plummets as Ether Declines Following Fed Decision

Bitmine Immersion Technologies saw its stock price slide significantly after hours on March 18, 2026, as ether values declined. The NYSE American-listed company's shares dropped around 7.8% to $21.41, following a drop in ether of approximately 5.9%. This movement has raised concerns about the connection between Bitmine's stock and ether.

The company has a substantial stake in ether, holding roughly 3.81% of the entire supply, according to its recent filing with the SEC. The disclosed holdings include 4,595,562 ETH, valued at approximately $11.5 billion when combined with other crypto assets, cash, and strategic investments.