[Bitmine Becomes the U.S. Stock Market Company Most Sensitive to ETH Price, Surpassing Coinbase in Correlation] Odaily Planet Daily News: Ethereum treasury company Bitmine posted on the X platform stating that it has become the large U.S. publicly listed company with the highest correlation to Ethereum (ETH) price. Among large-cap stocks in the U.S. market, BMNR's price movements show a stronger correlation with ETH compared to other crypto-related stocks, with the second place being crypto trading platform Coinbase (COIN). Analysts point out that as institutional investors increasingly gain exposure to crypto assets indirectly through publicly listed companies, the performance of "crypto treasury stocks" like BMNR is becoming more influenced by the price of underlying digital assets. Compared to traditional crypto trading platform stocks, Bitmine's business model makes its stock price more sensitive to ETH price fluctuations. However, the market also cautions that BMNR's high correlation with ETH means its stock price is not only affected by the company's operational performance but may also amplify the volatility risks associated with Ethereum's price increases or decreases.