# Bitmine Buys Record Ether Amid Market Dip

Page: https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/bitmine-buys-record-ether-amid-market-dip
Text version: https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/bitmine-buys-record-ether-amid-market-dip.md
Podcast: [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: 2026-06-08T13:03:29+00:00
Episode link: https://api.fastcast.ai/audio/a9f5106c-71e4-4c8c-ab85-1ba1bffee0ee.mp3
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Duration seconds: 93

## Resource

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: 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/407514c2bf25335c

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