{"id":99287,"date":"2026-06-08T02:33:02","date_gmt":"2026-06-08T02:33:02","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=99287"},"modified":"2026-06-08T02:33:02","modified_gmt":"2026-06-08T02:33:02","slug":"tom-lees-bitmine-stock-crashed-below-a-make-or-break-level-amid-ethereum-woes","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=99287","title":{"rendered":"Tom Lee&#8217;s BitMine Stock Crashed Below A Make-or-Break Level Amid Ethereum Woes"},"content":{"rendered":"<div>\n<p><strong>BitMine Immersion <\/strong><a href=\"https:\/\/www.benzinga.com\/quote\/BMNR\" target=\"_blank\" class=\"ticker-link\" data-ticker=\"BMNR\" data-exchange=\"NYSE\" rel=\"noopener\">(NYSE:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/BMNR\">BMNR<\/a>) stock continued its strong downward trend and dropped below a key make-or-break level as its unrealized losses accelerated. It plunged to $15.90, its lowest level since June last year and 90% below its highest point in 2025.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">BitMine Stock at Risk as Unrealized Losses Jump Amid Ethereum Woes<\/h2>\n<p><strong>Tom Lee<\/strong>&#8216;s BitMine Immersion is facing major challenges amid the ongoing <a href=\"https:\/\/www.benzinga.com\/crypto\/26\/06\/53048057\/as-crypto-prices-crash-two-key-metrics-suggest-a-rebound-is-coming\">crypto market crash<\/a>.<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>) token plunged to $1,515, its lowest level since April last year, and 67% below its all-time high.<\/p>\n<p>Its performance is notable as BitMine has become the biggest holder of Ethereum with over 5.4 million tokens worth $8.8 billion. At Ethereum&#8217;s peak price of $4,948, these coins would be worth over $26 billion. Its unrealized loss is over $10 billion.<\/p>\n<p>BitMine&#8217;s challenge is that Ethereum&#8217;s fundamentals are deteriorating. For example, Wall Street investors have continued <a href=\"https:\/\/www.benzinga.com\/crypto\/26\/05\/52894536\/ethereum-price-slowly-forms-a-risky-pattern-as-wall-street-investors-dump-eth-etfs\">dumping the ETFs<\/a>. Spot Ethereum ETFs have had over $168 million in outflows this month after losing $540 million in the previous month. They have lost over $2 billion in assets in &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/equities\/26\/06\/53049204\/tom-lees-bitmine-stock-crashed-below-a-make-or-break-level-amid-ethereum-woes?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Tom\" lee bitmine stock crashed below a make-or-break level amid ethereum woes>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BitMine Immersion (NYSE:BMNR) stock continued its strong downward trend and dropped below a key make-or-break level as its unrealized losses accelerated. It plunged to $15.90, its lowest level since June last year and 90% below its highest point in 2025.\u00a0 BitMine Stock at Risk as Unrealized Losses Jump Amid Ethereum Woes Tom Lee&#8216;s BitMine Immersion [&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-99287","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\/99287","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=99287"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/99287\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=99287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=99287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=99287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}