{"id":77327,"date":"2026-03-23T15:17:07","date_gmt":"2026-03-23T15:17:07","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=77327"},"modified":"2026-03-23T15:17:07","modified_gmt":"2026-03-23T15:17:07","slug":"tom-lees-bitmine-buys-65000-eth-for-138m-as-bmnr-surges-3","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=77327","title":{"rendered":"Tom Lee&#8217;s Bitmine Buys 65,000+ ETH For $138M As BMNR Surges 3%"},"content":{"rendered":"<div>\n<p><strong>Bitmine<\/strong> <a href=\"https:\/\/www.benzinga.com\/quote\/BMNR\" target=\"_blank\" class=\"ticker-link\" data-ticker=\"BMNR\" data-exchange=\"NYSE\" rel=\"noopener\">(NYSE:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/BMNR\">BMNR<\/a>) purchased 65,341 <strong>Ethereum<\/strong> <a href=\"https:\/\/www.benzinga.com\/quote\/ETH-USD\" target=\"_blank\" class=\"ticker-link\" data-ticker=\"ETH\" data-exchange=\"CRYPTO\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>) for roughly $138 million last week, accelerating buying for the third consecutive week as Chairman <strong>Tom Lee<\/strong> bets ETH is in the final stages of a \u201cmini-crypto winter.\u201d<\/p>\n<h3 class=\"wp-block-heading\">The Accelerating Pace<\/h3>\n<p>Bitmine now <a href=\"https:\/\/www.prnewswire.com\/in\/news-releases\/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-4-661-million-tokens-and-total-crypto-and-total-cash-holdings-of-11-0-billion-302721777.html\">holds<\/a> 4.66 million ETH worth approximately $9.7 billion at $2,072 per token, representing 3.86% of ETH\u2019s circulating supply.\u00a0<\/p>\n<p>The company increased its weekly purchase pace from an average of 45,000-50,000 tokens to 65,341 last week.<\/p>\n<p>\u201cOur base case is ETH is in the final stages of the \u2018mini-crypto winter,&#8217;\u201d Lee said, noting that ETH has outperformed equities by 2,450 basis points since the Iran war began, rising 18% while gold fell more than 15%.<\/p>\n<p>Cash reserves stand at $1.1 billion, with total crypto and cash holdings reaching $11 billion including 196 <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 $95 million in <strong>Eightco &#8230;<\/strong><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/03\/51409189\/tom-lees-bitmine-buys-65000-eth-for-138m-as-bmnr-surges-3?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Tom\" lee bitmine buys eth for as bmnr surges>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitmine (NYSE:BMNR) purchased 65,341 Ethereum (CRYPTO: ETH) for roughly $138 million last week, accelerating buying for the third consecutive week as Chairman Tom Lee bets ETH is in the final stages of a \u201cmini-crypto winter.\u201d The Accelerating Pace Bitmine now holds 4.66 million ETH worth approximately $9.7 billion at $2,072 per token, representing 3.86% of [&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-77327","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\/77327","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=77327"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/77327\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=77327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=77327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=77327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}