Bitmine Chairman Tom Lee expects crypto to enter a powerful 12-month period as Wall Street embraces blockchain, leverage returns and the market approaches what he views as the bottom of its four-year cycle. Wall Street Turns to Blockchain as Tom Lee Sees Crypto Cycle Bottom Tom Lee sees the ingredients for another major crypto expansion […]
Bitcoin.com News•Emmanuel Musa11h ago
Bitmine Immersion Technologies has purchased 27,180 Ethereum over the past week, lifting its holdings to 5.96 million ETH as chairman Tom Lee points to U.S. legislation and institutional demand as possible drivers of a year-end crypto rally. Bitmine’s ETH holdings…
The purchase brings the company closer to its goal of owning 5% of Ethereum’s supply, with most of its tokens earning staking rewards.
Bitmine now has more than 5 million ETH staked, turning most of its Ether holdings into a recurring income stream as it continues to accumulate.
Cointelegraph•Cointelegraph by Sam Bourgi14 Sept
This brings the company to 98% of its goal of owning 5% of Ethereum’s total supply.
Bitmine's aggressive ETH acquisition strategy highlights growing institutional interest and potential regulatory impacts on crypto markets.
CryptoBriefing•Editorial Team14 Sept
Bitmine added 27,180 ETH, taking its holdings to 5.96 million as advisor Tom DeMark forecasts a sharp upward move.
The Block•Brian Danga14 Sept
CoinDesk•Krisztian Sandor14 Sept
More than a decade ago, Fundstrat told clients willing to venture into crypto to put just 2% of their portfolio into bitcoin. Then they basically left it alone. According to Fundstrat founder and Bitmine Chairman Tom Lee, that tiny allocation has since ballooned into more than 85% of the average portfolio that followed the advice, […]
Bitcoin.com News•Jamie Redman13 Sept
Cantor's bullish stance on BitMine highlights the growing influence of crypto assets in traditional finance, despite inherent market risks.
CryptoBriefing•Editorial Team11 Sept
Filings name MAVAN and staking partners but leave operator allocation and signing-key custody undisclosed.
CryptoSlate•Oluwapelumi Adejumo11 Sept
What does the pullback say about a treasury bet worth $15.7 billion?
AMBCrypto•Samyukhtha L KM9 Sept
BitMine Immersion Technologies chairman Tom Lee expects institutions to buy crypto after a strong quarter so far. The firm holds 5.9 million Ethereum (ETH) tokens that sit far below their purchase cost. The company valued its combined crypto, cash, and equity holdings at $15.7 billion on September 7. Lee Points to a Quarter Crypto Led
BeInCrypto•Kamina Bashir9 Sept
BitMine Immersion Technologies has purchased 28,086 ETH worth about $70.1 million, raising its Ethereum treasury to 5.93 million tokens as Chairman Tom Lee predicts further gains for the asset. BitMine’s Ethereum treasury has reached 5.93 million ETH BitMine said in…
Bitmine now controls about 5.93 million ETH, worth about $14.8 billion, putting it within touching distance of its 5% ethereum supply goal. With most of that position staked, the company is turning its balance sheet into one of the biggest single bets on ethereum anywhere in public markets. Bitmine Builds One of Public Markets’ Biggest […]
Bitcoin.com News•Emmanuel Musa8 Sept
BitMine now holds 5.93 million ETH, worth roughly $14.8 billion, representing 4.9% of total supply and bringing it close to its 5% target.
The company valued its 5.93 million ETH at about $14.79 billion, while aggregate reported holdings rose to $15.7 billion from $15.6 billion a week earlier.
The Defiant•The Defiant Team8 Sept
The company says it holds roughly 4.9% of Ethereum’s supply, with most of its tokens staked to earn rewards.
Bitmine bought 28,086 ETH, boosting its treasury to 5.93 million tokens worth $14.8 billion and representing 4.9% of Ethereum’s total supply.
The Block•Brian Danga8 SeptWhile Bitmine’s completed 97% of its goal to acquire 5% of Ether’s supply, Tom Lee’s team faces a $5.1 billion unrealized loss on its main treasury asset.
Cointelegraph•Cointelegraph by Zoltan Vardai8 Sept
