Traded Value$BitMine Immersion Tech(BMNR.US)’s chairman Tom Lee remains fundamentally bullish on ETH citing strengthening fundamentals, AI/tokenization tailwinds, and viewing current weakness around $1,700 as a “superficial” or “attractive opportunity” selloff.
However, very recent headlines indicate he has hinted or stated that aggressive ETH buying is almost over or that purchases will slow. This follows earlier signals of a more measured pace after heavy accumulation.
High fixed 9.5% perpetual dividend is expensive capital: must be reliably covered by staking yields or other income, or it pressures cash flow/common equity.
Latest hints of slowing aggressive buys could reduce near-term momentum or signal caution. Current ETH weakness and broader crypto/macro pressures continues to weigh on $BitMine Immersion Tech(BMNR.US). Substantial unrealized losses on the ETH stack add mark-to-market volatility.
@Bridge Buzz SG
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