{"id":93395,"date":"2026-05-18T17:46:53","date_gmt":"2026-05-18T17:46:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=93395"},"modified":"2026-05-18T17:46:53","modified_gmt":"2026-05-18T17:46:53","slug":"bitmine-buys-71672-eth-but-tom-lee-says-oil-is-the-the-biggest-headwind","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=93395","title":{"rendered":"Bitmine Buys 71,672 ETH, But Tom Lee Says Oil Is The &#8216;The Biggest Headwind&#8217;"},"content":{"rendered":"<div>\n<p><strong>BitMine Immersion Technologies Inc.<\/strong> <a class=\"ticker-link\" data-ticker=\"BMNR\" data-exchange=\"NASDAQ\" href=\"https:\/\/www.benzinga.com\/quote\/BMNR\" target=\"_blank\" rel=\"noopener\">(NASDAQ:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/BMNR\">BMNR<\/a>) purchased 71,672 <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>) worth $157 million last week, while <strong>Tom Lee<\/strong> identified surging oil prices as culprit for ETH\u2019s weakness below $2,200.<\/p>\n<h3 class=\"wp-block-heading\">Tom Lee Buys The Dip Below $2,200<\/h3>\n<p>Bitmine\u2019s <a href=\"https:\/\/www.prnewswire.com\/in\/news-releases\/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-28-million-tokens-and-total-crypto-and-total-cash-holdings-of-12-6-billion-302774413.html\">purchase<\/a>  was a sharp increase from the previous week\u2019s 26,000 token haul. The size was notable as Lee recently said the company would slow ETH purchases.<\/p>\n<p>\u201cWe view the recent pullback of ETH to below $2,200 as an attractive opportunity,\u201d Lee stated. The latest purchase lifted Bitmine\u2019s holdings to almost 5.28 million ETH, or about 4.37% of Ethereum\u2019s circulating supply.<\/p>\n<p>The firm\u2019s total crypto and cash holdings now stand at $12.6 billion, including 202 <strong>Bitcoin<\/strong> <a href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" class=\"ticker-link\" data-ticker=\"BTC\" ...><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/05\/52636175\/bitmine-buys-71672-eth-but-tom-lee-says-oil-is-the-the-biggest-headwind?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Bitmine\" buys eth but tom lee says oil is the biggest headwind>Full story available on Benzinga.com<\/a><\/p>\n<p><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BitMine Immersion Technologies Inc. (NASDAQ:BMNR) purchased 71,672 Ethereum (CRYPTO: ETH) worth $157 million last week, while Tom Lee identified surging oil prices as culprit for ETH\u2019s weakness below $2,200. Tom Lee Buys The Dip Below $2,200 Bitmine\u2019s purchase was a sharp increase from the previous week\u2019s 26,000 token haul. The size was notable as Lee [&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-93395","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\/93395","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=93395"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/93395\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}