Tom Lee-Linked BitMine Stock Is Trending Overnight: Here’s Why

BitMine Immersion Technologies Inc. (NYSE:BMNR) shares are trending on Wednesday.

Check out the current price of BMNR stock here.

Shares of the blockchain technology company rose 3.62% to $32.35 in after-hours trading on Tuesday.

Ethereum Holdings Reach 3.45% Of Circulating Supply

BitMine acquired 24,266 Ethereum (CRYPTO: ETH) last week, lifting total holdings to 4.17 million ETH valued at $13 billion, representing 3.45% of ETH’s circulating supply.

Chairman Tom Lee said BitMine is close to reaching its authorized share limit of 500 million.

A shareholder vote scheduled for Thursday at Wynn Las Vegas will require approval from 50.1% of BitMine’s outstanding shares to authorize …

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