{"id":73603,"date":"2026-02-23T17:16:35","date_gmt":"2026-02-23T17:16:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=73603"},"modified":"2026-02-23T17:16:35","modified_gmt":"2026-02-23T17:16:35","slug":"bitmine-buys-51000-eth-as-ethereum-co-founder-vitalik-buterin-sells-again","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=73603","title":{"rendered":"BitMine Buys 51,000 ETH As Ethereum Co-Founder Vitalik Buterin Sells Again"},"content":{"rendered":"<div>\n<p><strong>BitMine Immersion Technologies<\/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>) bought 51,162 <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>) for $98 million while Vitalik Buterin sold 1,869 ETH.<\/p>\n<h3 class=\"wp-block-heading\">The Buying vs. Selling Divergence<\/h3>\n<p>BitMine\u2019s latest <a href=\"https:\/\/www.prnewswire.com\/news-releases\/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-4-423-million-tokens-and-total-crypto-and-total-cash-holdings-of-9-6-billion-302694282.html\">purchase<\/a> lifted total holdings to 4,422,659 ETH as of February 22, representing 3.66% of total supply.\u00a0<\/p>\n<p>The company has spent an estimated $16.4 billion building its Ethereum treasury, now worth roughly half that amount.<\/p>\n<p>Chairman <strong>Tom Lee<\/strong> defended the accumulation during the \u201cmini crypto winter,\u201d arguing the price doesn\u2019t reflect Ethereum\u2019s high utility and role as the future of finance.\u00a0<\/p>\n<p>BitMine generates $171 million in annualized revenue via staking over 3 million ETH holdings at a 2.89% yield.<\/p>\n<p>Meanwhile, <strong>Vitalik Buterin<\/strong> <a href=\"https:\/\/x.com\/lookonchain\/status\/2025749797655962058\">sold<\/a> 1,869 ETH worth $3.67 million over the &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/02\/50789372\/bitmine-buys-51000-eth-as-ethereum-co-founder-vitalik-buterin-sells-again?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"BitMine\" buys eth as ethereum co-founder vitalik buterin sells again>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BitMine Immersion Technologies (NYSE:BMNR) bought 51,162 Ethereum (CRYPTO: ETH) for $98 million while Vitalik Buterin sold 1,869 ETH. The Buying vs. Selling Divergence BitMine\u2019s latest purchase lifted total holdings to 4,422,659 ETH as of February 22, representing 3.66% of total supply.\u00a0 The company has spent an estimated $16.4 billion building its Ethereum treasury, now worth [&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-73603","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\/73603","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=73603"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/73603\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}