BMNR Stock Slips After-Hours Amid ETH Pullback: What You Should Know

BitMine Immersion Technologies, Inc. (NASDAQ:BMNR) shares slipped lower in Wednesday’s after-hours trading, even as high-profile investors continued to pour millions into the company.

BMNR is feeling the pressure from bearish momentum. See the trading setup here.

BMNR Dips But Cathie Wood Is Buying It

BMNR stock was down 2.22% after-hours, coinciding with a pullback in Ethereum (CRYPTO: ETH), its primary reserve asset. The stock tumbled in regular trading hours as well.

Institutional investors heavily bought the dip, with Cathie Wood pouring approximately $15.6 million into the stock through her Ark Fintech Innovation ETF (BATS:ARKF), ARK Innovation ETF

Full story available on Benzinga.com