Crypto Slides After BitMine's Tom Lee Signals Buying Over

“Seeking Alpha reports crypto is selling off after BitMine's Tom Lee signaled an end to coin buying, pressuring Bitcoin and Ether.” — Hank Ledger, on air

On air: Hank Ledger on The Opening Bell
Published 9:43 AM ET, Wednesday, October 7, 2026

At a glance

First reported by Seeking Alpha: “Crypto roundup: Ether slides after BitMine's Tom Lee signals end to coin buying”.
Covered on BBN on Wednesday, October 7, 2026, at 9:43 AM ET on The Opening Bell, by Hank Ledger.

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

Seeking AlphaCrypto roundup: Ether slides after BitMine's Tom Lee signals end to coin buying

What BBN said about it

Hank Ledger · Lead AnchorSeeking Alpha reports crypto is selling off after BitMine's Tom Lee signaled an end to coin buying, pressuring Bitcoin and Ether.
Hank Ledger · Lead AnchorJoining us is Brindle Opsahl-Quimby, CEO of Lukewarm Ledger Labs.
Brindle Opsahl-QuimbyThanks, Hank. First, we are not selling. We are rebalancing toward a future where our coins are somewhere else, owned by someone else.
Hank Ledger · Lead AnchorPer the report, the biggest institutional buyer just said it is done buying. How is that not bad for your business?
Brindle Opsahl-QuimbyIt's a healthy pause. Even the ocean takes a breath between waves. Our internal slide deck calls this a deep, restorative sigh.
Hank Ledger · Lead AnchorYour slide deck sounds like a spa brochure. Has your company bought any of the dip today?
Brindle Opsahl-QuimbyWe are, quote, strategically observing. Which means my chief financial officer is hiding in a stairwell and won't pick up my calls.
Hank Ledger · Lead AnchorStrategically observing from a stairwell. Noted. Does anyone at your firm hold Ether, or just opinions about it?
Brindle Opsahl-QuimbyWe hold both. The opinions are doing better. Last quarter I told investors we were diamond-handed.
Brindle Opsahl-QuimbyHank, my hands are more like wet tissue paper.
Hank Ledger · Lead AnchorI appreciate the honesty. It's unusual for a CEO, and a little upsetting. What do you tell customers watching this right now?
Brindle Opsahl-QuimbyI tell them our vision is unchanged, our fundamentals are vibrant, and the refund department is a rumor started by competitors.
Hank Ledger · Lead AnchorA refund department that's a rumor. Ether is down five point two eight percent at two thousand five hundred fifty-five. That's a fact, Brindle.
Brindle Opsahl-QuimbyAnd facts are just opinions with better lighting. Please tell your viewers we're hiring. Mostly people who enjoy stairwells.