{"id":91342,"date":"2026-05-11T14:46:32","date_gmt":"2026-05-11T14:46:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=91342"},"modified":"2026-05-11T14:46:32","modified_gmt":"2026-05-11T14:46:32","slug":"bitmine-slows-ethereum-acquisitions-to-26659-eth-is-tom-lee-signaling-the-top","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=91342","title":{"rendered":"Bitmine Slows Ethereum Acquisitions To 26,659 ETH: Is Tom Lee Signaling The Top?"},"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 26,659 <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, down 75% from its recent weekly average of 100,000 ETH as Chairman <strong>Tom Lee<\/strong> signals a slowdown.<\/p>\n<h3 class=\"wp-block-heading\">Bitmine Now Holds 4.31% Of Ethereum Supply<\/h3>\n<p>The <a href=\"https:\/\/www.prnewswire.com\/in\/news-releases\/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-21-million-tokens-and-total-crypto-and-total-cash-holdings-of-13-4-billion-302767842.html\">purchase<\/a> brings Bitmine\u2019s total holdings to over 5.2 million ETH, representing 4.31% of Ethereum\u2019s circulating supply. That marks over 1 million ETH acquired since January alone.<\/p>\n<p>Lee said the firm is moderating buys as it approaches its long-term goal of owning 5% of the token\u2019s supply.\u00a0<\/p>\n<p>\u201cWe have decided to slow down our pace of weekly accumulation from over 100,000 [ETH] per week,\u201d Lee said in Monday\u2019s statement. \u201cOur previous pace of buys would have us reach 5% by mid-July,\u201d he added.<\/p>\n<p>The slowdown follows comments Lee made last week at Consensus 2026 in Miami, where &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/05\/52452164\/bitmine-slows-ethereum-acquisitions-to-26659-eth-is-tom-lee-signaling-the-top?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Bitmine\" slows ethereum acquisitions to eth: is tom lee signaling the top>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitmine Immersion Technologies (NYSE:BMNR) bought 26,659 Ethereum (CRYPTO: ETH) last week, down 75% from its recent weekly average of 100,000 ETH as Chairman Tom Lee signals a slowdown. Bitmine Now Holds 4.31% Of Ethereum Supply The purchase brings Bitmine\u2019s total holdings to over 5.2 million ETH, representing 4.31% of Ethereum\u2019s circulating supply. That marks over [&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-91342","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\/91342","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=91342"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/91342\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=91342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=91342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=91342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}