---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000733410.md"
description: "$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"
datetime: "2026-06-12T06:09:01.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000733410.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000733410.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000733410.md)
author: "[Marina Bay](https://longbridge.com/en/profiles/26381638.md)"
generator: "portal-rs"
---

# $BitMine Immersion Tech(BMNR.US)’s chairman Tom Le…


### Related Stocks

- [BMNR.US](https://longbridge.com/en/quote/BMNR.US.md)
- [BMNRD.US](https://longbridge.com/en/quote/BMNRD.US.md)
- [ETH.US](https://longbridge.com/en/quote/ETH.US.md)
- [LEE.US](https://longbridge.com/en/quote/LEE.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**