{"id":99505,"date":"2026-06-08T16:03:20","date_gmt":"2026-06-08T16:03:20","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=99505"},"modified":"2026-06-08T16:03:20","modified_gmt":"2026-06-08T16:03:20","slug":"bitmine-buys-126971-eth-as-bmnr-tests-critical-16-support-whats-going-on","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=99505","title":{"rendered":"Bitmine Buys 126,971 ETH As BMNR Tests Critical $16 Support: What&#8217;s Going On?"},"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>) made its largest weekly <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>) purchase of 2026, buying 126,971 ETH worth roughly $214 million as prices tanked, reversing its earlier stance to slow accumulation.<\/p>\n<h3 class=\"wp-block-heading\">Biggest Weekly ETH Purchase Of 2026 Despite Earlier Slowdown Call<\/h3>\n<p>The 126,971 ETH <a href=\"https:\/\/www.prnewswire.com\/in\/news-releases\/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-54-million-tokens-and-total-crypto-and-total-cash-holdings-of-9-6-billion-302793773.html\">acquisition<\/a> triples the prior week\u2019s 26,497 ETH purchase and brings total holdings to 5.54 million ETH, representing 4.59% of Ethereum\u2019s total supply.\u00a0<\/p>\n<p>The company now sits 92% of the way toward its stated goal of owning 5% of ETH\u2019s circulating supply, which Chairman <strong>Tom Lee<\/strong> said the company expects to reach later this year.<\/p>\n<p>\u201cWe increased our buying as we believe this pullback in ETH prices does not reflect the strengthening of Ethereum fundamentals,\u201d Lee stated.\u00a0<\/p>\n<p>\u201cThis is not surprising given we are in the early stages of crypto spring,\u201d he added.<\/p>\n<p>Total holdings including cash and investment stakes reach $9.6 billion. Beyond ETH, Bitmine holds &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/06\/53060353\/bitmine-buys-126971-eth-as-bmnr-tests-critical-16-support-whats-going-on?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Bitmine\" buys eth as bmnr tests critical support: what going on>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitmine Immersion (NYSE:BMNR) made its largest weekly Ethereum (CRYPTO: ETH) purchase of 2026, buying 126,971 ETH worth roughly $214 million as prices tanked, reversing its earlier stance to slow accumulation. Biggest Weekly ETH Purchase Of 2026 Despite Earlier Slowdown Call The 126,971 ETH acquisition triples the prior week\u2019s 26,497 ETH purchase and brings total holdings [&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-99505","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\/99505","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=99505"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/99505\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=99505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=99505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=99505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}