Investment
Features
FeesSafety
Academy
More
Pluang+

Bitmine stock drops 6% as crypto treasury trade shows signs of unwinding amid Ethereum and Bitcoin dips.

Market News
04 Sep 2026
24/7 Wall Street
View Source
Bearish
Bitmine stock drops 6% as crypto treasury trade shows signs of unwinding amid Ethereum and Bitcoin dips.

Bitmine stock fell 6%, giving back part of its recent 37% monthly gain, while Strategy stock dipped only 1%, despite both holding cryptocurrencies that declined similarly. The difference lies in their treasury compositions and investor behavior: Bitmine is heavily exposed to Ethereum, which recently slid, causing more volatility in its stock. Strategy holds Bitcoin with a layered capital approach and defensive measures like dividend hikes and buybacks, cushioning its stock from larger drops. Investors should watch if Bitmine holds $24 and if Strategy's stabilization efforts prevent further declines, treating recent gains as risk rather than confirmation of strength.

More News (MSTR)

Nasdaq's top gainer was a Bitcoin stock up 18%, yet still down 56% over the year.

Nasdaq's top gainer was a Bitcoin stock up 18%, yet still down 56% over the year.

On a day when the Nasdaq surged due to easing rate hike fears, Strategy, a leveraged Bitcoin holding company, led gains with an 18% rise. Despite this rally, its stock remains down 56% over the past year, significantly underperforming Bitcoin's 31% d...

Market News
Neutral
12 hours ago
Crypto treasury stocks surge as Bitcoin and Ethereum rally 5%, with Strategy up 14% and Bitmine 12%.

Crypto treasury stocks surge as Bitcoin and Ethereum rally 5%, with Strategy up 14% and Bitmine 12%.

Bitcoin and Ethereum prices rose 5%, boosting crypto treasury stocks even more—Strategy surged 14% and Bitmine climbed 12%. Both companies hold large amounts of these cryptocurrencies on their balance sheets, amplifying gains through leverage. Strate...

Market News
Bullish
1 day ago
MSTR stock gains 29% as BTC bull market may start, with Senate vote on CLARITY Act as key catalyst.

MSTR stock gains 29% as BTC bull market may start, with Senate vote on CLARITY Act as key catalyst.

MSTR stock has risen 29% recently, with the analyst maintaining a 10% NAV position in the company for Bitcoin exposure. The next Bitcoin bull market is believed to have started, supported by technical trends and growing institutional interest. A crit...

Market News
Bullish
1 day ago
Oil jumps nearly 4% on Middle East tensions; Aon to buy USI; PG&E shares fall on wildfire liability block.

Oil jumps nearly 4% on Middle East tensions; Aon to buy USI; PG&E shares fall on wildfire liability block.

Geopolitical tensions in the Middle East surged after a U.S. strike on Iranian launchers near the Strait of Hormuz, pushing oil prices up nearly 4% amid fears of energy supply disruptions. Strategy resumed Bitcoin buying after a two-month pause, sign...

Market News
Bearish
4 days ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App