U.S. stock market update: BitMine Immersion Tech down 9.54%

U.S. Stock Market Midday Update

BitMine fell 9.54%, up 602.95% year-to-date. Based on recent important news:

1. On August 14, Fundstrat included Ethereum in its recommended strategy, driving market attention towards Ethereum-related stocks, but BitMine failed to benefit, with its stock price dropping 9.54%.

2. On August 14, Bitcoin reached an all-time high, increasing market risk appetite, but BitMine did not follow the upward trend.

3. On August 12, BitMine planned to increase its Ethereum holdings to 5% of its circulation, but the market reacted lukewarmly.

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Palantir Tech fell 2.31%, with increased trading volume. Based on recent important news:

1. On August 14, Andrew Left, founder of Citron Research, announced a short position on Palantir, claiming its valuation was too high and that the stock price could drop by 70%. This news led to a decline in stock price.

2. On August 12, Palantir's stock price reached an all-time high, driven by AI adoption and government contracts.

3. On August 15, analysts warned that high valuations could lead to a stock price correction.

Circle rose 2.20%, with a trading volume of 1.454 billion. Based on recent important news:

1. On August 12, Circle released its first financial report, with revenue exceeding expectations, causing the stock price to rise over 6% in pre-market trading. The report showed a year-on-year revenue growth of 53%, reaching $658 million, driving the stock price up.

2. On August 13, Circle announced a placement of 10 million shares, causing the stock price to drop 4.81% in after-hours trading. The market expressed concerns over shareholder cash-outs and new share issuance.

3. On August 13, Circle partnered with several institutions to launch the Arc blockchain, promoting the expansion of USDC application scenarios.

Strategy fell 2.54%, with a trading volume of $1.451 billion. Based on recent important news:

1. On August 12, Strategy announced the purchase of 155 Bitcoins for $18 million, at an average price of $116,401. Although this move demonstrated its continued confidence in Bitcoin, the market questioned the small quantity purchased, leading to a decline in stock price.

2. On August 14, Strategy announced its name change to Strategy Inc. to reflect its brand revitalization efforts. Although this move aimed to strengthen its Bitcoin strategy, the market reaction was tepid, failing to boost the stock price.

3. On August 15, Mizuho raised Strategy's target price from $563 to $586, maintaining an "Outperform" rating, but this did not prevent the stock price from falling.

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SAP fell 0.13%, with increased trading volume. Based on recent important news:

1. On August 13th, Monday.com Ltd.'s stock price plummeted by 30% after its earnings report, triggering a sell-off of European software company stocks, with SAP's stock price diving by 6.76%.

2. On August 15th, BlackRock reduced its voting rights in SAP to 6.59%, undermining market confidence.

3. On August 15th, SAP announced a stock repurchase plan to buy back 643,911 shares, which failed to boost its stock price