{"id":97136,"date":"2026-05-30T23:48:14","date_gmt":"2026-05-30T23:48:14","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=97136"},"modified":"2026-05-30T23:48:14","modified_gmt":"2026-05-30T23:48:14","slug":"tom-lees-bitmine-stock-at-risk-as-ethereum-etf-outflows-jump-network-stats-fall","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=97136","title":{"rendered":"Tom Lee&#8217;s BitMine Stock At Risk As Ethereum ETF Outflows Jump, Network Stats Fall"},"content":{"rendered":"<div>\n<p><strong>Tom Lee<\/strong>&#8216;s <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>) stock has crashed to a crucial support level, and the ongoing Ethereum performance suggests that it may continue falling further.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">BitMine Stock Facing Headwinds as Ethereum ETF Outflows Jump<\/h2>\n<p>BitMine, the biggest <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>) <a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/05\/52785965\/bitmine-buys-111942-eth-as-tom-lee-targets-5-ethereum-supply-share-in-2026\">accumulator<\/a>, has continued facing major challenges this year. It now holds 5.28 million in Ethereum tokens, accounting for 4.37% of the market capitalization.\u00a0<\/p>\n<p>Ethereum is nearing a local correction after falling by 18% from its highest point in May this year. It was trading at $2,023 today, May 30, down by 30% since July when BitMine started its accumulation and 60% from its highest point last year.\u00a0<\/p>\n<p>The ongoing retreat means that its unrealized losses are rising. In its most recent results, the company reported a $3.8 billion unrealized net loss, and this trend may continue in the near term.<\/p>\n<p>Ethereum&#8217;s fundamentals have continued to weaken this year. For example, data shows that <a href=\"https:\/\/www.benzinga.com\/crypto\/26\/05\/52764057\/ethereum-price-at-risk-as-smart-money-selling-coincides-with-weak-technicals\">spot Ethereum ETFs<\/a> suffered $540 million in outflows in May, the worst month of the year. These funds have now lost nearly $1 billion &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/26\/05\/52893379\/tom-lees-bitmine-stock-at-risk-as-ethereum-etf-outflows-jump-network-stats-fall?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Tom\" lee bitmine stock at risk as ethereum etf outflows jump network stats fall>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tom Lee&#8216;s BitMine Immersion Technologies (NYSE:BMNR) stock has crashed to a crucial support level, and the ongoing Ethereum performance suggests that it may continue falling further.\u00a0 BitMine Stock Facing Headwinds as Ethereum ETF Outflows Jump BitMine, the biggest Ethereum (CRYPTO: ETH) accumulator, has continued facing major challenges this year. It now holds 5.28 million in [&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-97136","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\/97136","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=97136"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/97136\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=97136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=97136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=97136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}