{"id":74525,"date":"2026-03-02T16:32:15","date_gmt":"2026-03-02T16:32:15","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=74525"},"modified":"2026-03-02T16:32:15","modified_gmt":"2026-03-02T16:32:15","slug":"bitmine-buys-over-50000-eth-as-bmnr-breaks-out-9","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=74525","title":{"rendered":"BitMine Buys Over 50,000 ETH As BMNR Breaks Out 9%"},"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>) surged 9% after acquiring 50,928 <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>) lifting total holdings to 4.47 million ETH valued at $8.8 billion as Chairman <strong>Tom Lee<\/strong> called the pullback \u201cattractive.\u201d<\/p>\n<h3 class=\"wp-block-heading\">The 50K ETH Purchase<\/h3>\n<p>BitMine\u2019s <a href=\"https:\/\/www.prnewswire.com\/in\/news-releases\/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-4-474-million-tokens-and-total-crypto-and-total-cash-holdings-of-9-9-billion-302700616.html\">acquisition<\/a> means the company now owns 3.71% of the total ETH supply, over 74% of the way to its \u201cAlchemy of 5%\u201d target in just eight months.<\/p>\n<p>Total crypto and cash holdings reached $9.9 billion, including 4.47 million ETH, $868 million in cash, 195 <strong>Bitcoin<\/strong> <a href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>), a $200 million stake in <strong>Beast Industries<\/strong>, and $14 million in <strong>Eightco Holdings <\/strong><a href=\"https:\/\/www.benzinga.com\/quote\/ORB\" target=\"_blank\" class=\"ticker-link\" data-ticker=\"ORB\" data-exchange=\"NASDAQ\" rel=\"noopener\">(NASDAQ:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/ORB\">ORB<\/a>).<\/p>\n<p>Lee defended the aggressive accumulation as geopolitical uncertainty rose. \u201cWe continue to steadily acquire ETH and optimize the yield on our ETH holdings,\u201d Lee said. \u201cWe view this pullback as attractive, &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/03\/50972200\/bitmine-buys-over-50000-eth-as-bmnr-breaks-out-9?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"BitMine\" buys over eth as bmnr breaks out>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BitMine Immersion Technologies (NYSE:BMNR) surged 9% after acquiring 50,928 Ethereum (CRYPTO: ETH) lifting total holdings to 4.47 million ETH valued at $8.8 billion as Chairman Tom Lee called the pullback \u201cattractive.\u201d The 50K ETH Purchase BitMine\u2019s acquisition means the company now owns 3.71% of the total ETH supply, over 74% of the way to its [&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-74525","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\/74525","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=74525"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/74525\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=74525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=74525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=74525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}