Can Bitmine (BMNR) Stock Rebound After Another ETH Buy and Tom Lee’s Bull Call?

TLDR Bitmine stock traded at $20.14 on Monday, down slightly, after the company announced another ETH purchase. The company bought 8,573 ETH last week and now holds 6,060,506 ETH, or 4.9% of supply. Chairman Tom Lee called the muted market reaction to the $6.3 billion Binance hack “very constructive.” BMNR hit a ten-week low and found support near $20, while charts still lean bearish. Bitmine will report Q4 earnings on Nov. 20. Bitmine (BMNR) stock traded at $20.14 on Monday, down slightly. The move came after the company announced another Ethereum purchase.