BitMine Shares Tumble Despite Billions in Digital Asset Holdings

BitMine shares experienced a dramatic two-day decline, plummeting more than 10% on November 17-18, 2025. This significant downturn coincided with both the release of the company’s comprehensive asset report and recent executive leadership changes announced just days earlier.

A complete overhaul of corporate leadership preceded the asset disclosure. On November 14, Chi Tsang assumed the chief executive officer role, succeeding Jonathan Bates. The board simultaneously appointed three new independent directors, signaling a potential strategic pivot for the digital asset company.

Market response has been severe, with the stock having already shed approximately 35% of its value over recent months. Investors appear concerned about whether company-specific developments combined with broader cryptocurrency sector caution Read more...