BMNR

bearish track record →

Bitmine Buys 71,524 ETH Driving Revenue Growth

Watch: Watch for BMNR to break technical resistance at $23.35, which could trigger a notable price move tied to ETH price trends and staking yield reports.

Full analysis

Bitmine Immersion Technologies bought 71,524 ETH last week, increasing total holdings to 4.875 million ETH or 4.04% of total supply. The company has staked 3.334 million ETH valued at $7.4 billion, generating $212 million in annual revenue. Full staking is expected to boost revenue to $310 million at a 2.89% yield. Insider Thomas Jong Lee bought $29.85 million in shares recently, signaling confidence despite a prevailing downtrend in BMNR stock.

Staking revenue growth and significant insider buying support a bullish outlook despite technical chart weakness and macro crypto volatility.

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Evidence

3h ago Bitmine Reports $3.8 Billion Loss As Ethereum Sinks yahoo-finance
1d ago Insider buy by LEE THOMAS JONG (BMNR): $198,000
1d ago Insider buy by LEE THOMAS JONG (BMNR): $29,653,304
2d ago Tom Lee Sees 'Mini Crypto Winter' Ending As Bitmine Buys 71,524 ETH benzinga
5d ago Why Buy ETH At Full Price? Tom Lee's BitMine Is Buying It At A Discount benzinga
6d ago Tom Lee Says The Bottom Is In And The S&P 500 Is Heading To 7,300 benzinga
7d ago Bitmine ETH Holdings Reach 4.8 Million Tokens yahoo-finance
9d ago Strategy and Bitmine Jump 6% as Crypto Treasury Plays Catch Fire yahoo-finance
7 older signals
15d ago B. Riley Lifts PT on Bitmine Immersion Technologies (BMNR) to $33 From $30 – Here’s Why
19d ago Tom Lee Says Ditch Gold, Buy Crypto As Ethereum Outperforms S&P 500 During War
21d ago Bitmine Launches New Ethereum Staking Solution
25d ago Bitmine Immersion Technologies (BMNR) Announces $11.5B Crypto Treasury and Alchemy of 5% Milestones
28d ago Tom Lee’s BitMine Buys Another 60,000 Ethereum Despite Volatility
30d ago Bitmine Soars 11% — Tom Lee’s Ethereum Bet Just Got Even Bigger
30d ago BitMine Buys 60,999 Ethereum As ETH Surges 8% In 24 Hours
15 signals · latest 3h ago

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