{"id":20662,"date":"2026-01-26T19:14:58","date_gmt":"2026-01-26T19:14:58","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bmnr-stock-at-risk-of-a-big-drop-as-bitmine-buys-40000-eth\/"},"modified":"2026-01-26T19:15:10","modified_gmt":"2026-01-26T19:15:10","slug":"bmnr-stock-at-risk-of-a-big-drop-as-bitmine-buys-40000-eth","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bmnr-stock-at-risk-of-a-big-drop-as-bitmine-buys-40000-eth\/","title":{"rendered":"BMNR stock at risk of a big drop as BitMine buys 40,000 ETH"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">The BMNR stock price retreated by over 1.18% on Monday as the recent crypto market crash continued and as BitMine continued its Ethereum accumulation.<\/p>\n<div id=\"cn-block-summary-block_5380974e205ae79810f80e1a23551b65\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>The BMNR stock price retreated on Monday as the crypto market crash continued.<\/li>\n<li>Ethereum price has formed several bearish chart patterns pointing to more downside\u00a0\u00a0<\/li>\n<li>Technical analysis suggests that the stock has more downside to go in the near term.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>BitMine stock was trading at $28.35, down by over 82% from its 2025 high. Its crash has wiped out billions of dollars in value as the market capitalization dropped from over $18 billion to the current $12.8 billion.<\/p>\n<p>BitMine, the company Tom Lee runs, announced that it continued accumulating Ethereum (ETH) toward its goal of owning 5% of the market capitalization. It now holds 4.243 million coins and is on track to hit the 6 million target this year. It also owns 193 Bitcoin (BTC) in Eightco Holdings, shares worth $19 million, and a recent investment in Beast Industries.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83e\uddf5<br \/>BitMine provided its latest holdings update for January 26th, 2026:<\/p>\n<p>$12.8 billion in total crypto + &#8220;moonshots&#8221;:<br \/>\u2013 4,243,338 ETH at $2,839 (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/coinbase?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@coinbase<\/a>)<br \/>\u2013 193 Bitcoin (BTC)<br \/>\u2013 $200 mllion stake in Beast Industries <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/MrBeast?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@MrBeast<\/a> <br \/>\u2013 $19 million stake in Eightco Holdings (NASDAQ: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ORBS&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$ORBS<\/a>)\u2026<\/p>\n<p>\u2014 Bitmine (NYSE-BMNR) $ETH (@BitMNR) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/BitMNR\/status\/2015779597694968189?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">January 26, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>BitMine, unlike Michael Saylor\u2019s Strategy, has no debt and has over $682 million in cash and short-term investments.\u00a0Most importantly, it has started staking its Ethereum holdings, a move that will generate over $500 million in annual revenue as long as the staking yield remains above 2.5%.<\/p>\n<p>The main risk the BitMine stock faces is that Ethereum price continues to drop and has formed a risky pattern pointing to more downside in the near term. The chart below shows ETH price has formed a bearish flag pattern and has remained below all the moving averages and the Supertrend indicator.<\/p>\n<p>These patterns, along with ongoing ETH ETF outflows,<strong> <\/strong>suggest the coin will continue falling, potentially to the key support level at $2,500.\u00a0<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\"><em>ETH price chart | Source: crypto.news\u00a0<\/em><\/figcaption><\/figure>\n<p>The ongoing Ethereum price crash will affect the value of its holdings in the near term. However, the only benefit is that Tom Lee believes the long-term ETH forecast is bullish and that it will hit $7,500. If this view is accurate, it means that the falling dollar cost averaging will be beneficial for the company in the long term.<\/p>\n<h2 class=\"wp-block-heading\">BMNR stock price technical analysis\u00a0<\/h2>\n<p>The daily timeframe chart shows that the BMNR stock price has remained under pressure in the past few months. It formed a symmetrical triangle pattern and has now moved below its lower side and the 78.6% Fibonacci Retracement level.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"3574\" height=\"2022\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2026\/01\/1769454898_228_BMNR-stock-at-risk-of-a-big-drop-as-BitMine.webp.webp\" alt=\"bmnr stock\" class=\"wp-image-14446737\"><figcaption class=\"wp-element-caption\">BMNR stock chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The stock remains below the 50-day and 100-day Exponential Moving Averages. Therefore, the most likely scenario is that the stock continues to fall, with the next key support level to watch being the psychological $20 level.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The BMNR stock price retreated by over 1.18% on Monday as the recent crypto market crash continued and as BitMine continued its Ethereum accumulation. Summary The BMNR stock price retreated&hellip;<\/p>\n","protected":false},"author":1,"featured_media":17775,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=20662"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20662\/revisions"}],"predecessor-version":[{"id":20663,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20662\/revisions\/20663"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/17775"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=20662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=20662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=20662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}