# Bitmine Bets Big on Ethereum, Eyeing Oil Prices

Page: https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/bitmine-bets-big-on-ethereum-eyeing-oil-prices
Text version: https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/bitmine-bets-big-on-ethereum-eyeing-oil-prices.md
Podcast: [Bitcoin & Crypto News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376)
Published: 2026-05-18T16:29:18+00:00
Episode link: https://api.fastcast.ai/audio/bfc93c30-3509-4214-bfc9-9eb2b1f33ee7.mp3
Audio file: https://api.fastcast.ai/audio/bfc93c30-3509-4214-bfc9-9eb2b1f33ee7.mp3
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Duration seconds: 68

## Resource

Bitmines recent acquisition of 71,672 ETH, a substantial increase from previous purchases, signals their continued bullish stance on the digital asset. The companys CEO, Lee, attributes Ethereums recent struggles to the inverse relationship with oil prices and predicts a rebound once oil prices drop. This strategic move places Bitmine among a select few firms actively buying crypto during the current market dip. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/c3714b0790f8877b

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