{"id":71842,"date":"2026-02-11T03:01:33","date_gmt":"2026-02-11T03:01:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=71842"},"modified":"2026-02-11T03:01:33","modified_gmt":"2026-02-11T03:01:33","slug":"bitmine-buys-over-40000-eth-as-sell-off-deepens-shrugs-off-massive-paper-losses","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=71842","title":{"rendered":"BitMine Buys Over 40,000 ETH As Sell-Off Deepens, Shrugs Off Massive Paper Losses"},"content":{"rendered":"
\n

BitMine Immersion Technologies kept buying as prices fell, scooping up 40,613 ETH during last week\u2019s sell-off. Reports say the purchase totaled roughly $83\u2013$84 million, made when Ether traded near $2,020 per token.<\/p>\n

BitMine\u2019s Growing Stake And The Man At The Helm<\/h2>\n

According to recent coverage<\/a>, the move pushed BitMine\u2019s total Ethereum holdings to around 4.32\u20134.33 million ETH, a stash worth billions at current prices. Executive chairman Tom Lee has framed the dip as an attractive entry point and has voiced confidence in a bounce back.<\/p>\n

Paper Losses Widen As Prices Slide<\/h2>\n

Reports note that the firm\u2019s large cost basis for its accumulated ETH has left its treasury sitting on multibillion-dollar unrealized losses.<\/a><\/p>\n

Estimates in the latest pieces place those paper losses between about $7.5 billion and $8 billion, depending on which price is used to mark the holdings. That gap widened as Ether fell from higher levels into the low-$2Ks.<\/p>\n

\"\"<\/p>\n

Market And Shareholder Response<\/p>\n

BitMine\u2019s aggressive buying did not calm all investors. News outlets tracked a drop in the company\u2019s stock (BMNR)<\/a>, which was reported down roughly 5% in pre-market trading around the same time the ETH buy was disclosed.<\/p>\n

Traders appear to be weighing the long-term thesis against the immediate hit to the company\u2019s net asset value.<\/p>\n

\"\"<\/p>\n

Why The Company Is Still Adding<\/p>\n

Reports say BitMine sees this as part of an intentional treasury play. Some of the firm\u2019s ETH is staked, which generates yield and can help offset paper losses over time.<\/p>\n

Tom Lee has forecast a strong rebound, calling for a V-shaped recovery in ether. That kind of outlook explains why purchases came even while the market was weak.<\/p>\n

<\/p>\n

What To Watch Next<\/p>\n

Short term, price moves<\/a> in ether and shifts in investor sentiment will be the clearest signals. If ETH stages a steady climb, the unrealized losses will shrink quickly.<\/p>\n

If the token continues to trade lower, the company\u2019s paper loss metrics will remain a headline for shareholders and analysts.<\/p>\n

Reports say details such as financing, staking returns, and any further disclosed buys will shape how investors view the firm\u2019s risk profile.<\/p>\n

BitMine\u2019s choice to keep buying at lower levels is a clear bet on future price recovery. Whether that bet pays off for shareholders depends on the market\u2019s next moves, and on whether patience and staking income can outweigh a large short-term drawdown.<\/p>\n

Featured image from Thomas Fuller\/SOPA Images\/LightRocket via Getty Images, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

BitMine Immersion Technologies kept buying as prices fell, scooping up 40,613 ETH during last week\u2019s sell-off. Reports say the purchase totaled roughly $83\u2013$84 million, made when Ether traded near $2,020 per token. BitMine\u2019s Growing Stake And The Man At The Helm According to recent coverage, the move pushed BitMine\u2019s total Ethereum holdings to around 4.32\u20134.33 […]<\/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-71842","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\/71842","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=71842"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/71842\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=71842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=71842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=71842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}