{"id":60948,"date":"2025-11-28T19:01:41","date_gmt":"2025-11-28T19:01:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=60948"},"modified":"2025-11-28T19:01:41","modified_gmt":"2025-11-28T19:01:41","slug":"bitmine-adds-another-44m-in-eth-so-why-does-bmnr-trade-like-a-falling-knife","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=60948","title":{"rendered":"BitMine Adds Another $44M In ETH\u2014 So Why Does BMNR Trade Like A Falling Knife?"},"content":{"rendered":"<div>\n<p><strong>BitMine Immersion Technologies Inc. <\/strong><a class=\"ticker-link\" data-ticker=\"BMNR\" data-exchange=\"NYSE\" href=\"https:\/\/www.benzinga.com\/quote\/BMNR\" target=\"_blank\" rel=\"noopener\">(NYSE:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/BMNR\">BMNR<\/a>) has added another $44 million in <strong>Ethereum <\/strong><a class=\"ticker-link\" data-ticker=\"ETH\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/ETH-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>), landing fresh on-chain buys as <strong>Tom Lee<\/strong> doubles down on his call for ETH to hit $7,000 to $9,000 <a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/11\/49094652\/tom-lees-shock-call-meets-bitmines-supply-squeeze-is-eth-set-to-ignite\">by early 2026<\/a>.<\/p>\n<h3 class=\"wp-block-heading\">Arkham Data Shows Fresh $44M Ethereum Purchase<\/h3>\n<p>Lookonchain <a href=\"https:\/\/www.theblock.co\/post\/380746\/bitmine-buys-44-million-ethereum?utm_source=twitter&amp;utm_medium=social\">reported<\/a> on Friday that BitMine acquired 14,618 ETH using a wallet identified as &#8220;0xbd0\u2026E75B8.&#8221;<\/p>\n<p>The transaction occurred at roughly 5:07 p.m. on Thursday, according to Arkham-linked tracking.<\/p>\n<p>BitMine has not confirmed the transaction, leaving the disclosure dependent on blockchain intelligence data.<\/p>\n<p>The purchase <a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/11\/49036075\/bitmine-adds-69822-eth-as-tom-lee-maintains-ethereum-supercycle-thesis\">follows<\/a> BitMine&#8217;s $200 million Ethereum addition earlier this week.<\/p>\n<p>The company now holds 3,629,701 ETH, valued near $10.9 billion under its last confirmed disclosure.<\/p>\n<p>Its holdings &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/11\/49121682\/bitmine-adds-another-44m-in-eth-so-why-does-bmnr-trade-like-a-falling-knife?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"BitMine\" adds another in eth so why does bmnr trade like a falling knife>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 [&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-60948","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\/60948","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=60948"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/60948\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}