BitMine Immersion (BMNR) is emerging from technical price consolidation, potentially setting up a break higher, while at the same time making a bold shift from a bitcoin miner to becoming one of the biggest holders of Ethereum . With our CNBC friend Tom Lee playing the Frank Sinatra role (chairman) at Bitmine, I’ve dipped a toe into this name with high hopes to increase my position size once Ethereum and BMNR clear technical hurdles we’ll outline below. Under Lee’s leadership and its “Alchemy of 5%” framework, the company has amassed more than 2.4 million of Ethereum — which is over 2% of the total supply. They’ve raised about a third of a billion dollars in stock sales to increase its ETH stake. This gives investors like us direct…
Oct 07 2025
