Bitmine Buys the Dip as Tom Lee Ties Ether's Pullback to Rising Oil Prices
The company said it bought 71,672 ETH in a week as it pushes toward owning 5% of the token supply and expands staking revenue.
- Bitmine Immersion Technologies acquired 71,672 ETH over the past week, lifting its total treasury to 5.28 million tokens, or about 4.37% of Ethereum's circulating supply.
- Guided by its 'Alchemy of 5%' philosophy, Bitmine maintains $12.6 billion in total crypto and cash holdings, having reached 87% of the way to its 5% acquisition goal in just 11 months.
- Through its Made in America VAlidator Network , Bitmine has staked 4,712,917 ETH, representing $10.3 billion and over 89% of its total holdings.
- Chairman Tom Lee wrote "ETH inverse correlation to oil is the highest ever," arguing that the recent pullback below $2,200 presents an attractive buying opportunity.
- The CLARITY Act cleared the Senate Banking Committee last week and will advance to the full Senate for a vote later this year, potentially establishing regulatory clarity for the crypto industry.
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Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.28 Million Tokens, and Total Crypto and Total Cash Holdings of $12.6 Billion - BlockTelegraph
Bitmine owns more than 4.37% of the total ETH coin supply of 120.7 million Bitmine is 87% of the way to the ‘Alchemy of 5%’ in just 11 months Ethereum continues to benefit from the dual tailwinds of Wall Street tokenizing on the blockchain and from agentic AI systems increasingly needing public and neutral blockchains Bitmine uplisted to the New York Stock Exchange (“NYSE”) from the NYSE American effective as of April 9, 2026 Bitmine has 4,712,9…
Tom Lee says Ether Pullback was Chance for Bitmine to Buy 71K ETH – #CryptoUpdatesGNIT
Bitmine Immersion Technologies chairman Tom Lee says the crypto treasury company took advantage of a recent Ether price drop under $2,200 to scoop up another 71,672 Ether for its stockpile. Ether (ETH) has traded between $2,081 and $2,341 over the past seven days. It was trading at $2,128 as of Tuesday and was down 8.7% over the same period. “Over the past week, we acquired 71,672 ETH. We view the recent pullback of ETH to below $2,200 as an att…
Bitmine, the cryptocurrency mining company listed in the Nasdaq and chaired by Tom Lee, has surprised the market with a massive purchase of 71,672 ethers for a total value of 151 million dollars. The operation has been executed during the recent correction that sank the ether to 2,000 dollars, a level that has not been seen since the beginning of the year. The company has also confirmed its most ambitious goal: to possess 5% of the entire supply…
Bitmine Wants 5% of All Ether in Existence Before Year-End
Tom Lee wants a lot of Ether. The Bitmine chairman said the company is targeting 5% of Ethereum’s entire circulating… Read the original on Bitmine Wants 5% of All Ether in Existence Before Year-End. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
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Why is Tom Lee calling Ethereum’s latest price drop a buying opportunity?
Fundstrat’s Tom Lee reiterated his bullish long-term outlook while Bitmine Immersion Technologies disclosed another major Ether purchase during the recent market pullback, even as the flagship altcoin remained under pressure. Ethereum price is down roughly 8% in the past 7 days, as per Coingecko dat...
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