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Benzinga

Business

Evette Mitkov

BitMine Stock Is Rallying Monday: What's Fueling The Momentum?

BitMine Ethereum Crypto BMNR Bitcoin Fundstrat

BMNR Stock Movement

BitMine Immersion Technologies Inc (AMEX:BMNR) shares are trading higher on Monday amid strength in broader crypto markets, specifically Ethereum (CRYPTO: ETH) prices. BitMine on Monday provided an update on its Ethereum holdings.

What Happened: Several crypto-related stocks, including BitMine, are rising to start the week as crypto prices move higher. Bitcoin is up about 1.79% over a 24-hour period, trading near all-time highs, and Ethereum is up about 3.6%, hovering around $4,700. The strength in crypto markets is benefitting crypto-linked stocks as the value of underlying holdings increases.

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The Guardian - AU

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