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Benzinga
Benzinga
Business
Henry Khederian

Bitmine Immersion Technologies (BMNR) Stock Is Sliding Tuesday: What's Going On?

BitMine BMNR BitMine Immersion Crypto BitMine Immersion Technologies Inc Ethereum Benzinga Edge
Bitcoin,With,Golden,Stars,Showering,Down,On,It,A,3d

Shares of Bitmine Immersion Technologies Inc (AMEX:BMNR) are trading lower Tuesday afternoon, pulling back amid a battle between bullish accumulation and bearish scrutiny. The stock is at a focal point for crypto investors due to its aggressive strategy of amassing Ethereum (CRYPTO: ETH).

What To Know: On Monday, the company announced it had taken advantage of a recent crypto market dip to purchase an additional 202,000 ETH. The recent buys boosted the company’s total holdings to over 3 million ETH, solidifying its position as the largest corporate Ethereum treasury in the world.

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