{"id":23486,"date":"2026-03-09T17:48:24","date_gmt":"2026-03-09T17:48:24","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bmnr-stock-on-the-verge-of-a-rebound-as-bitmine-ethereum-buying-spree-continues\/"},"modified":"2026-03-09T17:48:27","modified_gmt":"2026-03-09T17:48:27","slug":"bmnr-stock-on-the-verge-of-a-rebound-as-bitmine-ethereum-buying-spree-continues","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bmnr-stock-on-the-verge-of-a-rebound-as-bitmine-ethereum-buying-spree-continues\/","title":{"rendered":"BMNR stock on the verge of a rebound as BitMine Ethereum buying spree continues"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p>The BMNR stock price rose by over 4% on Monday and retested the important resistance level at $20 as Ethereum rebounded and the company continued accumulating.<\/p>\n<div id=\"cn-block-summary-block_eb59efc2dedea1f87bb6c21866f84852\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>BitMine stock rose on Monday as the company continued buying Ethereum.<\/li>\n<li>It now holds over 4.5 million ETH tokens worth over $9 billion.<\/li>\n<li>The stock has formed a falling wedge pattern, pointing to an eventual rebound.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>BitMine stock rose to $20, inside a range it has remained in the past few weeks. This price remains much lower than the all-time high of $150.<\/p>\n<p>In a statement, the company said that it continued accumulating Ethereum (ETH) tokens last week, making it the biggest holder in the world. It now holds 4.534 million tokens, which is equivalent to 3.76% of Ethereum\u2019s total supply. Its Ethereum holdings are now worth over $9 billion.<\/p>\n<p>The company hopes to continue accumulating its Ethereum holdings in the coming months. Its goal is to become a 5% owner of Ethereum, a goal it may achieve later this year or in 2026. It has staked 67% of these holdings and generated over $174 million in annualized revenue.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>BitMine also owns 195 Bitcoin (BTC), currently worth over $13 million, a $200 million investment in Beast Industries, and $1.2 billion in unencumbered cash.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8 TOM LEE AND BITMINE JUST UPDATED THEIR TREASURY<\/p>\n<p>Here\u2019s what BITMINE ($BMNR) currently holds.<\/p>\n<p>\ud83d\udd39 195 Bitcoin <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$BTC<\/a><br \/>\ud83d\udd39 $14M stake in Eightco<br \/>\ud83d\udd39 $200M stake in Beast Industries<br \/>\ud83d\udd39 $1.2B of unencumbered cash<br \/>\ud83d\udd39 4,534,563 Ethereum <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$ETH<\/a> (3.76% of supply)<\/p>\n<p>The Ethereum strategy is\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/q3Rjz3aCWR\">pic.twitter.com\/q3Rjz3aCWR<\/a><\/p>\n<p>\u2014 BMNR Bullz (@BMNRBullz) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/BMNRBullz\/status\/2030991252213080466?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 9, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The company will likely do well, especially when a crypto market rally<strong> <\/strong>starts, which is a possibility when the war in Iran ends, which may happen as soon as this month.<\/p>\n<h2 class=\"wp-block-heading\">BMNR stock price technical analysis\u00a0<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">BitMine stock price chart | Source: crypto.news\u00a0<\/figcaption><\/figure>\n<p>The daily chart shows that the BitMine share price has remained in a narrow range in the past month. It was trading at $20 on Monday, up modestly from the year-to-date low of $16.60.<\/p>\n<p>The stock is along the upper side of the falling wedge pattern, a common bullish reversal sign in technical analysis.<\/p>\n<p>It has formed a bullish divergence pattern as the two lines of the Percentage Price Oscillator have made a bullish crossover and are pointing upwards.<\/p>\n<p>The Relative Strength Index has also moved from the oversold level of 25 in February to the current 43.<\/p>\n<p>Therefore, there is a possibility that the stock will have a strong bullish breakout, potentially to the next key resistance level at 30. The bullish outlook will become invalid if it drops below the year-to-date low of $16.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The BMNR stock price rose by over 4% on Monday and retested the important resistance level at $20 as Ethereum rebounded and the company continued accumulating. Summary BitMine stock rose&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9253,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=23486"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23486\/revisions"}],"predecessor-version":[{"id":23487,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23486\/revisions\/23487"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/9253"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=23486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=23486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=23486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}