Is Bitmine (BMNR) Stock a Buy as It Keeps Stacking ETH?
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TLDR Bitmine Immersion Technologies (BMNR) stock opened at $21.60 on Tuesday. The company bought 12,535 more ETH, lifting its total to 6,041,481 ETH. Ethereum trades near $2,422, down about 5% on the week and below its 20-day average. Bitmine has 5.07 million ETH staked and reports $15.1 billion in total holdings. Analysts rate BMNR a Hold with an average price target of $48.80. Bitmine Immersion Technologies (BMNR) stock opened at $21.60 on Tuesday. Its 50-day average is $24.02 and its 200-day average is $20.32. Bitmine Immersion Technologies, Inc., BMNR The company bought another 12,535 ETH last week. That lifts its total to 6,041,481 ETH as of October 18. Chairman Tom Lee says Bitmine has bought ETH every week since June 30, 2025.
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