🔴 BitMine Immersion Technologies is trading 4.3% down today after Senate failure to advance CLARITY Act

BitMine Immersion Technologies is trading at $22.59 (-4.30%) as digital-asset equities absorb continued fallout from the Senate’s failure to advance the CLARITY Act.

• It is underperforming a stronger Nasdaq.
• Bitcoin is down 0.47% and Ethereum 0.82% since the September 15 close; the September 16 Federal Reserve decision and elevated Treasury yields add macro pressure.
• The company’s September 14 announcement of 5.96 million ETH tokens and $15.8 billion in crypto and cash holdings is positive, but not a fresh September 16 catalyst.