{"id":61276,"date":"2025-12-01T16:46:31","date_gmt":"2025-12-01T16:46:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=61276"},"modified":"2025-12-01T16:46:31","modified_gmt":"2025-12-01T16:46:31","slug":"bmnr-crashes-below-30-as-bitmine-doubles-down-with-96798-eth-purchase","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=61276","title":{"rendered":"BMNR Crashes Below $30 As BitMine Doubles Down With 96,798 ETH Purchase"},"content":{"rendered":"<div>\n<p><strong>BitMine Immersion Technologies Inc.<\/strong> <a class=\"ticker-link\" data-ticker=\"BMNR\" data-exchange=\"NASDAQ\" href=\"https:\/\/www.benzinga.com\/quote\/BMNR\" target=\"_blank\" rel=\"noopener\">(NASDAQ:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/BMNR\">BMNR<\/a>) has doubled down despite the <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>) crash, scooping up 96,798 ETH last week, saying the company is only &#8220;two-thirds&#8221; of the way <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\">to long-term dominance<\/a>.<\/p>\n<h3 class=\"wp-block-heading\">BitMine Steps Up Accumulation Despite ETH&#8217;s 30% Monthly Drop<\/h3>\n<p>Chairman <strong>Tom Lee<\/strong> said the company bought roughly $273 million worth of Ethereum last week, marking a 39% increase from its prior weekly buying pace.\u00a0<\/p>\n<p>BitMine&#8217;s combined assets \u2014 including crypto, cash and equity stakes \u2014 now total $12.1 billion, powered largely by what Lee calls the world&#8217;s largest Ethereum treasury.<\/p>\n<p>The Block&#8217;s data <a href=\"https:\/\/www.theblock.co\/post\/380925\/tom-lee-ethereum-dat-bitmine-two-thirds-goal?utm_source=twitter&amp;utm_medium=social\">dashboard<\/a> shows BitMine&#8217;s ETH stack fell from almost $14 billion in October to about $9.7 billion after a month-long, 30% drawdown in Ethereum prices.<\/p>\n<p>Lee said the <a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/11\/48903388\/bmnr-drops-6-but-tom-lee-adamant-crypto-cycle-top-12-36-months-away\">upcoming<\/a> Fusaka upgrade on Dec. 3 and the Federal Reserve&#8217;s plan to end quantitative tightening both support further &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/12\/49140743\/bmnr-crashes-below-30-as-bitmine-doubles-down-with-96798-eth-purchase?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"BMNR\" crashes below as bitmine doubles down with eth purchase>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BitMine Immersion Technologies Inc. (NASDAQ:BMNR) has doubled down despite the Ethereum (CRYPTO: ETH) crash, scooping up 96,798 ETH last week, saying the company is only &#8220;two-thirds&#8221; of the way to long-term dominance. BitMine Steps Up Accumulation Despite ETH&#8217;s 30% Monthly Drop Chairman Tom Lee said the company bought roughly $273 million worth of Ethereum last [&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-61276","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\/61276","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=61276"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/61276\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}