BitMine Buys $240M ETH, Unrealized Loss Hits $6B episode artwork

EPISODE · May 4, 2026 · 1 MIN

BitMine Buys $240M ETH, Unrealized Loss Hits $6B

from The Daily News Now! Business

BitMine Immersion Technologies makes significant Ethereum buy, totaling over $240 million, bringing their ETH stack to over 5.18 million coins. Shares surge 4% as Chairman Tom Lee predicts crypto spring, despite Ethereums 52% drop from its all-time high. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5f82433284f40532

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BitMine Buys $240M ETH, Unrealized Loss Hits $6B

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This episode was published on May 4, 2026.

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BitMine Immersion Technologies makes significant Ethereum buy, totaling over $240 million, bringing their ETH stack to over 5.18 million coins. Shares surge 4% as Chairman Tom Lee predicts crypto spring, despite Ethereums 52% drop from its...

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