Bitmine Purchases 71,672 ETH Amid Tom Lee's Warning on Oil Prices

BitMine Immersion Technologies Inc. purchased 71,672 Ethereum (ETH) worth $157 million last week, increasing its holdings to nearly 4.37% of the circulating supply. However, analyst Tom Lee highlighted rising oil prices as a major headwind for ETH's price recovery.

By Parshwa Turakhiya Tue, May 19, 2026 at 12:46 PM GMT+3 7 min read · Yahoo Finance · May 19, 2026, 09:46 UTC

Bitmine Purchases 71,672 ETH Amid Tom Lee's Warning on Oil Prices

Tickers: $BMNR

Topics: Bitmine Ethereum oil prices Tom Lee

Read the full article at Yahoo Finance

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