{"id":57717,"date":"2025-11-10T19:16:31","date_gmt":"2025-11-10T19:16:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=57717"},"modified":"2025-11-10T19:16:31","modified_gmt":"2025-11-10T19:16:31","slug":"tom-lee-bitmine-is-halfway-to-owning-5-of-ethereum","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=57717","title":{"rendered":"Tom Lee: &#8216;BitMine Is Halfway To Owning 5% Of Ethereum&#8217;"},"content":{"rendered":"<div>\n<p><strong>BitMine Immersion Technologies Inc.<\/strong> (NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/BMNR\">BMNR<\/a>) shares rose 6.4% Monday after the company announced its <strong>Ethereum<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>) holdings reached 3.5 million tokens, valued at $13.2 billion in total <a href=\"https:\/\/www.benzinga.com\/trading-ideas\/movers\/25\/11\/48636374\/ethereums-price-crash-sinks-bitmine-immersion-technologies-bmnr-stock\">crypto and cash assets.<\/a><\/p>\n<h3 class=\"wp-block-heading\">BitMine Expands Ethereum Treasury to 2.9% of Supply<\/h3>\n<p>BitMine <a href=\"https:\/\/www.prnewswire.com\/news-releases\/bitmine-immersion-bmnr-announces-eth-holdings-reaching-3-5-million-tokens-and-total-crypto-and-cash-holdings-of-13-2-billion-302609944.html\">disclosed<\/a> that it now owns 2.9% of the total ETH supply, surpassing the halfway mark toward its long-stated goal of accumulating 5%.\u00a0<\/p>\n<p>The company&#8217;s crypto holdings include 3,505,723 ETH valued at $3,639 per token, alongside 192 Bitcoin and $398 million in cash reserves.<\/p>\n<p>Chairman <strong>Thomas &#8220;Tom&#8221; Lee<\/strong> said the company added over 110,000 ETH in the past week, which is a 34% increase from the prior week \u2014 after using recent market weakness to expand positions.\u00a0<\/p>\n<p>&#8220;We are now more than halfway toward the \u2018alchemy of 5%&#8217; goal,&#8221; Lee said.<\/p>\n<h3 class=\"wp-block-heading\">Leading &#8230;<\/h3>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/11\/48762649\/tom-lee-bitmine-is-halfway-to-owning-5-of-ethereum?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Tom\" lee: is halfway to owning of ethereum>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BitMine Immersion Technologies Inc. (NYSE:BMNR) shares rose 6.4% Monday after the company announced its Ethereum (CRYPTO: ETH) holdings reached 3.5 million tokens, valued at $13.2 billion in total crypto and cash assets. BitMine Expands Ethereum Treasury to 2.9% of Supply BitMine disclosed that it now owns 2.9% of the total ETH supply, surpassing the halfway [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-57717","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/57717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57717"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/57717\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}