What To Know: The selling pressure in BitMine shares follows Monday’s rally, where the stock surged over 9%. The move was largely fueled by rising Ethereum prices as ETH climbed to $4,750.

BitMine, the world’s largest corporate holder of Ethereum, recently updated its holdings, confirming it owns over 2.83 million ETH. As of Monday, the company’s total crypto, cash and “moonshot” holdings were valued at $13.4 billion.

Benzinga Edge Rankings: According to Benzinga Edge rankings, the stock boasts an exceptionally high Momentum score of 99.53.

BMNR Price Action: BitMine Immersion shares were down 5.24% at $59.89 at the time of publication Tuesday, according to Benzinga Pro.

The stock is trading well above its 50-day moving average of $48.97, indicating a bullish trend in the longer term, but the recent price action suggests a potential correction. Key support levels may be found near the 50-day moving average, while resistance could be encountered around the recent high of $65.59.

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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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