Episode
Bitmine Buys Record Ether Amid Market Dip
- Published
- Jun 8, 2026
- Duration seconds
- 93
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Summary
Bitmine just dropped over 126,000 ether in one week — their biggest purchase yet — pushing their total holdings to 5.5 million tokens and total assets to $9.9 billion as they race toward their 5% ether ownership goal. Despite market dips and industry-wide selling, Bitmine’s chairman Thomas Lee argues Ethereum’s fundamentals are stronger than ever, making this bold buy a defiant bet on the future. While it’s costing them paper losses, they’re doubling down — even exploring dividend-paying preferred equity to fund the push, a move drawing investor scrutiny but signaling a rare, aggressive stance in a slowing crypto market. 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/407514c2bf25335c