BitMine Buys Record 45,759 ETH—Can It Stop BMNR Breaking Below $15 Support?

robot
Abstract generation in progress

BitMine Immersion (BMNR) recently purchased 45,759 Ethereum (ETH) for over $90 million, increasing its total ETH holdings to 4.37 million tokens worth $8.7 billion. The company stakes 69% of its ETH holdings, generating significant annualized rewards, with potential for more upon the launch of its proprietary staking solution. Despite $8 billion in paper losses, BitMine’s Chairman Tom Lee sees long-term growth for Ethereum due to Wall Street tokenization, AI agent use, and “proof of human” standards, viewing current market sentiment as a “mini-winter” rather than a structural failure.

ETH-0.87%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)