Investors pull back as stocks of bitcoin purchasers fall
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 10 2025
0mins
Source: Reuters
Decline in Share Prices: Companies that have invested heavily in bitcoin and other cryptocurrencies are experiencing significant drops in their share prices as the initial excitement around crypto wanes, with some firms seeing declines of over 60% from their peaks.
Volatility and Market Sentiment: The volatility of cryptocurrencies leads to amplified losses for these companies, as their stock values are closely tied to bitcoin's performance, and many lack strong fundamentals to support their valuations when market sentiment cools.
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Analyst Views on BMNR
Wall Street analysts forecast BMNR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BMNR is 43.00 USD with a low forecast of 39.00 USD and a high forecast of 47.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 26.700
Low
39.00
Averages
43.00
High
47.00
Current: 26.700
Low
39.00
Averages
43.00
High
47.00
About BMNR
Bitmine Immersion Technologies Inc. is a technology company focused on Bitcoin mining using immersion technology, an advanced cooling technique where computers are submerged in specialized oil circulated to keep units operating at optimal ambient temperature. The Company operates in the cryptocurrency mining industry. Its business includes industrial scale digital asset mining, equipment sales and hosting operations. It is engaged in self-mining bitcoin for its own account, as well as hosting third party equipment used in mining of digital asset coins and tokens, specifically bitcoin. It conducts digital asset mining operations using specialized computers equipped with application-specific integrated circuit chips. Its data centers provide power, racks, thermodynamic management (heat dissipation and airflow management), redundant connectivity, 24/7 security, as well as software which provide infrastructure management and custom firmware that improves performance and energy efficiency.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Cryptocurrency Market Plummets Amid Tech Sell-Off
- Market Liquidations: Over the past 24 hours, approximately $1.74 billion was liquidated from the cryptocurrency market, with $1.64 billion in levered longs alone wiped out, indicating extreme selling pressure and heightened investor panic.
- Bitcoin Price Drop: Bitcoin fell below $84,000, marking its lowest level since April, while trading volume surged by 64% in the last 24 hours, reflecting strong selling sentiment among market participants.
- Ethereum's Poor Performance: Ethereum's price dropped to $2,751, its lowest since early July, indicating weakened demand for the asset and potentially impacting its future price trajectory.
- Shift in Market Sentiment: The Crypto Fear & Greed Index showed a shift in market sentiment from 'Fear' to 'Extreme Fear', suggesting a significant decline in investor confidence in the market's future, which may lead to further selling pressure.
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Bitcoin ETF Sees Increased Outflows, Market Under Pressure
- Bitcoin ETF Outflows: This week, Bitcoin ETF recorded $160.1 million in outflows, marking a potential second consecutive week of outflows, indicating a decline in investor confidence that could impact market liquidity.
- Major Cryptocurrencies Decline: Ethereum (ETH) and Solana (SOL) also saw declines on Thursday as investors closely monitor the U.S. Congress's markup of the crypto market structure bill, which could affect future trading regulations.
- Bitcoin Price Plunge: Bitcoin's price fell 6.3% to $83,384, hitting a two-month low, with technical analysts divided on its near-term outlook as it failed to reclaim the critical $90,000 level.
- Bearish Market Sentiment: Retail sentiment around MSTR and BMNR trended bearish, with MSTR shares down 58% over the past year while BMNR surged 318%, reflecting differing market expectations for the two companies.
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