BitMine Drops After SEC Filing for Share and Warrant Resale

BitMine Immersion Technologies dipped nearly 27% despite a “chairman’s message” from FundStrat’s Tom Lee to bolster confidence in the Ethereum treasury company. 

BitMine on Monday announced the new “The Chairman’s Message” monthly series, which is designed to give an insight into BitMine’s broader crypto plan.

During the presentation, Lee talked about the firm’s long-term Ether plan, such as holding 5% of the supply, and projections of the token’s future valuation.

A slide shared by the firm on X also suggested the implied value of…