BitMine Immersion Technologies experienced a 27% decline in stock value despite optimistic statements regarding Ethereum. The company’s plans to hold 5% of the Ether supply and projected values of $60,000 for ETH did not resonate with investors.
David Grider, a partner at Finality Capital, indicated that ether treasury companies could enhance Ethereum’s price and flows. He noted significant positions from corporate buyers, contributing to the positive outlook for ETH.
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