BitMine Immersion Technologies (BMNR) shares extended their sell-off this week after breaking below a closely watched technical support level, even as the company moved to raise fresh capital through a higher-priced preferred stock offering to fund an Ethereum-focused treasury strategy. The common stock fell through roughly $18.30, a level technicians had flagged as a key floor, and continues to trade beneath its major moving averages—signals that bearish momentum remains in control.
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