BitMine Immersion Technologiespage 10

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42,197 ETH Acquired as Bitmine Builds $11.1B Crypto Treasury While Strategy Sells

Institutional crypto investors received two sharply different capital allocation signals Monday as Bitmine Immersion Technologies expanded its ethereum treasury while Strategy disclosed a rare bitcoin sale to fund preferred stock dividend payments. Strategy Breaks With Its Bitcoin Accumulation Playbook Earlier in the day, Strategy announced it sold 3,588 BTC for approximately $216 million, marking its […]

Bitcoin.com NewsBitcoin.com NewsJamie Redman6 Jul

Tom Lee Ties Ethereum Selloff to Quarter-End Window Dressing

Bitmine Chairman Tom Lee tied Ethereum’s (ETH) 8% weekly drop to quarter-end window dressing, arguing funds trimmed three-month losers. The executive made the comments as Bitmine reported holdings of 5,700,040 ETH worth roughly $9 billion. Lee Frames ETH Drop as Quarter-End Window Dressing Window dressing refers to fund managers selling underperforming positions before quarter-end reporting

BeInCryptoBeInCryptoKamina Bashir30 Jun