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4 sourcesTracking since 21 Sept, 13:14

Bitmine buys 27,562 ETH as Tom Lee declares crypto bull market underway

In brief

Bitmine Immersion Technologies purchased 27,562 ETH, valued at roughly $74–75 million. Its holdings now total nearly 6 million ETH, representing about 4.9% of Ethereum’s circulating supply. Chairman Tom Lee said a crypto bull market is underway and could strengthen in the fourth quarter.

Summary written by HeraldLoop from 4 sources · updated 7h ago

What changed

  1. 21 Sept, 13:14‘Crypto bull market is underway,’ Tom Lee says as Bitmine nears 5% Ethereum supply target with 27,562 ETH buy · The Block
  2. 21 Sept, 14:35Bitmine Buys 27,562 ETH as Tom Lee Says Bull Market Is Underway · Bitcoin.com News
  3. 21 Sept, 15:00Tom Lee's Bitmine Adds $74M in Ethereum, Declares a Crypto Bull Market 'Underway' · Decrypt
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How outlets framed it

BitMine Immersion Technologies4 sources
0% favorable (0)100% neutral (4)0% critical (0)

All 4 sources reported it neutrally.

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Tom Lee4 sources
0% favorable (0)100% neutral (4)0% critical (0)

All 4 sources reported it neutrally.

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One source, one vote (its latest article in the story). Only labels with confidence ≥ 0.6 are shown; the quote is the evidence.

Chronological coverage

  1. 21 September
  2. Latest21 Sept, 15:00

    Tom Lee's Bitmine Adds $74M in Ethereum, Declares a Crypto Bull Market 'Underway'

    The purchase lifts Bitmine's stash to nearly 5.99 million ETH—4.9% of supply—as chairman Tom Lee argues Ethereum's outperformance signals a stronger move ahead and institutions remain underweight.

    DecryptDecrypt•Decrypt Staff
  3. Follow-up21 Sept, 14:35

    Bitmine Buys 27,562 ETH as Tom Lee Says Bull Market Is Underway

    Bitmine Immersion Technologies has quietly accumulated nearly 6 million ETH, giving one public company control of roughly 4.9% of all ether in circulation. Its $16.1 billion ethereum pile is now just 121,000 ETH shy of Chairman Tom Lee’s “Alchemy of 5%” target. Records show that Bitmine has bought ETH every single week since June 30, […]

    Bitcoin.com NewsBitcoin.com News•Jamie Redman
  4. Follow-up21 Sept, 13:31

    Crypto bull market has begun, Tom Lee says as Bitmine nears 6M ETH

    Bitmine chairman Tom Lee has said a crypto bull market is underway and could strengthen in the fourth quarter as the Ethereum treasury company added another 27,562 ETH worth roughly $75 million. According to Bitmine Immersion Technologies, Lee believes the…

    Crypto.newsCrypto.news•Rony Roy
  5. First seen21 Sept, 13:14

    ‘Crypto bull market is underway,’ Tom Lee says as Bitmine nears 5% Ethereum supply target with 27,562 ETH buy

    Bitmine's total investments currently stand at $17.1 billion, and the company owns over 4.9% of Ethereum's circulating supply.

    The BlockThe Block•James Hunt