BitMine Immersion Technologies is trading 4.3% down at $23.59, pressured by crypto weakness and its Ethereum-buying cap.
- On October 7, Chairman Tom Lee said buying would stop when holdings reach 5% of circulating supply, a change investors saw as ending recurring demand.
- Coverage linked the earlier share selloff to that announcement; it was reported October 7, not as new October 8 news.
- Since the prior close, Ethereum is down 4.36% and Bitcoin 2.60%, amid broader risk-off sentiment.