BitMine Adds Another $44M In ETH— So Why Does BMNR Trade Like A Falling Knife?
Posted On November 28, 2025
BitMine Immersion Technologies Inc. (NYSE:BMNR) has added another $44 million in Ethereum (CRYPTO: ETH), landing fresh on-chain buys as Tom Lee doubles down on his call for ETH to hit $7,000 to $9,000 by early 2026.
Arkham Data Shows Fresh $44M Ethereum Purchase
Lookonchain reported on Friday that BitMine acquired 14,618 ETH using a wallet identified as “0xbd0…E75B8.”
The transaction occurred at roughly 5:07 p.m. on Thursday, according to Arkham-linked tracking.
BitMine has not confirmed the transaction, leaving the disclosure dependent on blockchain intelligence data.
The purchase follows BitMine’s $200 million Ethereum addition earlier this week.
The company now holds 3,629,701 ETH, valued near $10.9 billion under its last confirmed disclosure.
Its holdings …
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