Bitmine BMNR Stock: $25 Bull Case vs $11 Bear Case
The standard framing of BitMine Immersion Technologies (BMNR) is that it is a leveraged bet on Ethereum. That description is incomplete in a way that matters for anyone actually pricing the stock. At roughly $15.69, BMNR carries a market capitalisation near $12.46 billion against total crypto, cash and strategic holdings of $11.3 billion — while
