{"id":76462,"date":"2026-03-16T15:01:34","date_gmt":"2026-03-16T15:01:34","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=76462"},"modified":"2026-03-16T15:01:34","modified_gmt":"2026-03-16T15:01:34","slug":"bitmine-buys-60999-ethereum-as-eth-surges-8-in-24-hours","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=76462","title":{"rendered":"BitMine Buys 60,999 Ethereum As ETH Surges 8% In 24 Hours"},"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>) purchased 60,999 <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>) last week, bringing total holdings to 4.6 million ETH valued at $10 billion as the stock surged 12%.<\/p>\n<h3 class=\"wp-block-heading\">The $140M ETH Purchase<\/h3>\n<p>The <a href=\"https:\/\/www.prnewswire.com\/in\/news-releases\/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-4-596-million-tokens-and-total-crypto-and-total-cash-holdings-of-11-5-billion-302714271.html\">purchase<\/a> was BitMine\u2019s biggest this year in token terms, worth nearly $140 million at current prices.\u00a0<\/p>\n<p>Total ETH holdings now stand at 4,595,562 tokens, representing 3.81% of the ETH supply. The firm maintained a $1.2 billion cash position despite ramping up acquisitions.<\/p>\n<p>BitMine now stakes 3.04 million ETH, generating about $180 million in annualized revenue with potential to reach $272 million as it locks up more tokens.\u00a0<\/p>\n<p>The firm has staked more ETH than any other entity in the world, with the Composite Ethereum Staking Rate at 2.79% while BitMine\u2019s own operations generated a 7-day yield of 2.81%.<\/p>\n<h3 class=\"wp-block-heading\">The Iran War Thesis<\/h3>\n<p>Chairman <strong>Thomas \u201cTom\u201d Lee<\/strong> said recent geopolitical &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/03\/51272118\/bitmine-buys-60999-ethereum-as-eth-surges-8-in-24-hours?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"BitMine\" buys ethereum as eth surges in hours>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BitMine Immersion Technologies (NYSE:BMNR) purchased 60,999 Ethereum (CRYPTO: ETH) last week, bringing total holdings to 4.6 million ETH valued at $10 billion as the stock surged 12%. The $140M ETH Purchase The purchase was BitMine\u2019s biggest this year in token terms, worth nearly $140 million at current prices.\u00a0 Total ETH holdings now stand at 4,595,562 [&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-76462","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\/76462","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=76462"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/76462\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=76462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=76462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=76462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}