{"id":97508,"date":"2026-06-01T16:03:13","date_gmt":"2026-06-01T16:03:13","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=97508"},"modified":"2026-06-01T16:03:13","modified_gmt":"2026-06-01T16:03:13","slug":"tom-lee-eths-price-doesnt-reflect-the-strengthening-of-ethereums-fundamentals","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=97508","title":{"rendered":"Tom Lee: &#8216;ETH&#8217;s Price Doesn&#8217;t Reflect The Strengthening Of Ethereum&#8217;s Fundamentals&#8217;"},"content":{"rendered":"<div>\n<p><strong>Bitmine Immersion<\/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>) bought 26,497 <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 roughly $53 million last week, cutting its weekly purchase pace by more than 75% after the prior week\u2019s 120,000 ETH haul.<\/p>\n<h3 class=\"wp-block-heading\">Firm Now Holds 4.49% Of Ethereum\u2019s Circulating Supply<\/h3>\n<p>The latest <a href=\"https:\/\/www.prnewswire.com\/in\/news-releases\/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-42-million-tokens-and-total-crypto-and-total-cash-holdings-of-11-6-billion-302786776.html\">purchase<\/a> lifts Bitmine\u2019s total holdings to 5.42 million ETH, putting the firm about 90% of the way toward its stated goal of owning 5% of Ethereum\u2019s circulating supply.<\/p>\n<p>Chairman <strong>Tom Lee<\/strong> said at Consensus 2026 in May that the company planned to moderate accumulation as it approached that target.<\/p>\n<p>\u201cETH prices are not reflecting the strengthening of Ethereum fundamentals,\u201d Lee said Monday. \u201cBut then again, this is not surprising given we are in the early stages of crypto spring,\u201d he added.<\/p>\n<p>Bitmine remains one of the few large digital asset treasury firms still actively adding to &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/06\/52913067\/tom-lee-eths-price-doesnt-reflect-the-strengthening-of-ethereums-fundamentals?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Tom\" lee: price doesn reflect the strengthening of ethereum fundamentals>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitmine Immersion (NASDAQ:BMNR) bought 26,497 Ethereum (CRYPTO: ETH) worth roughly $53 million last week, cutting its weekly purchase pace by more than 75% after the prior week\u2019s 120,000 ETH haul. Firm Now Holds 4.49% Of Ethereum\u2019s Circulating Supply The latest purchase lifts Bitmine\u2019s total holdings to 5.42 million ETH, putting the firm about 90% 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-97508","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\/97508","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=97508"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/97508\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=97508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=97508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=97508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}