What To Know: The company on Monday announced its total cash and crypto holdings have surpassed $11.6 billion. This includes a treasury of over 2.65 million ETH, accounting for more than 2% of the total circulating supply of the digital asset.

The recent momentum in shares follows a late September announcement of a $365 million registered direct offering, reinforcing the company’s commitment to its goal of acquiring 5% of the total ETH supply.

Backed by prominent institutional investors and led by chairman Tom Lee, BitMine remains a focal point for traders betting on the future of Ethereum.

Benzinga Edge Rankings: Highlighting this powerful trend, Benzinga Edge rankings show the stock has an exceptional Momentum score of 99.30.

BMNR Price Action: BitMine Immersion shares were up 4.14% at $54.07 at the time of publication Wednesday, according to Benzinga Pro.

The stock is well above its 50-day moving average of $47.62, indicating strong bullish momentum. Key resistance is observed near the recent high of $54.46, while support can be identified around the 50-day moving average.

Read Also: Bitcoin Hits $116,000 As Ethereum, XRP, Dogecoin Rally On Weak Dollar

How To Buy BMNR Stock

By now you're likely curious about how to participate in the market for BitMine Immersion – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

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