{"id":80196,"date":"2026-04-10T12:31:48","date_gmt":"2026-04-10T12:31:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=80196"},"modified":"2026-04-10T12:31:48","modified_gmt":"2026-04-10T12:31:48","slug":"why-buy-eth-at-full-price-tom-lees-bitmine-is-buying-it-at-a-discount","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=80196","title":{"rendered":"Why Buy ETH At Full Price? Tom Lee&#8217;s BitMine Is Buying It At A Discount"},"content":{"rendered":"<div>\n<p><strong>Tom Lee<\/strong>&#8216;s <strong>BitMine Immersion Technologies, Inc.<\/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>) just <a href=\"https:\/\/x.com\/i\/status\/2042236774848610780\">unveiled<\/a> a <a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/04\/51737025\/bitmine-joins-nyse-with-4-billion-buyback-but-stock-slips-2-on-debut-day\">massive $4 billion buyback<\/a>\u2014but the real story may not be capital return. It may be valuation.<\/p>\n<p>Lee has been clear: buybacks make sense when a stock trades below &#8220;intrinsic value,\u201d <a href=\"https:\/\/www.mexc.co\/en-IN\/news\/1016281\" target=\"_blank\" rel=\"noreferrer noopener\">reported<\/a> MEXC.<\/p>\n<h2 class=\"wp-block-heading\">The Math Behind The Move<\/h2>\n<p>And right now, BitMine&#8217;s balance sheet tells an interesting story\u2014its <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>) holdings are estimated at over $10 billion, while its market cap sits closer to the $9\u201310 billion range.<\/p>\n<p>That gap matters.<\/p>\n<p>Because if BitMine is effectively trading at\u2014or below\u2014the value of its ETH holdings, &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/04\/51751586\/why-buy-eth-at-full-price-tom-lees-bitmine-is-buying-it-at-a-discount?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Why\" buy eth at full price tom lee bitmine is buying it a discount>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tom Lee&#8216;s BitMine Immersion Technologies, Inc. (NYSE:BMNR) just unveiled a massive $4 billion buyback\u2014but the real story may not be capital return. It may be valuation. Lee has been clear: buybacks make sense when a stock trades below &#8220;intrinsic value,\u201d reported MEXC. The Math Behind The Move And right now, BitMine&#8217;s balance sheet tells an [&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-80196","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\/80196","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=80196"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/80196\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=80196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=80196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=80196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}