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 Sept
While 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
CoinDesk•Krisztian Sandor8 Sept
A two-year model needs about 74% reward retention with flat ETH supply, rising to 96.5% at 0.5% annual supply growth.
CryptoSlate•Oluwapelumi Adejumo6 Sept
Bitmine's strategic shift to Ethereum highlights the growing appeal of staking revenues, potentially reshaping corporate crypto treasury models.
CryptoBriefing•Editorial Team3 Sept
BitMine added 53,501 ETH in its largest weekly buy since June, extending a 65-week streak. Ethereum trades near $2,474 as $2,500 resistance holds firm.
Coinspeaker•Daniel Francis1 Sept
BitMine has added 53,501 ETH to its corporate treasury in a $131 million acquisition, giving the market another example of public-company balance sheets movi...
NewsBTC•NewsBTC Editorial Team1 Sept
Ethereum trades near $2,459 as Tom Lee's BitMine makes its largest ETH purchase since June. Key levels, technicals, and a rising L3 presale to watch.
Strategy and Bitmine now own more than 4% of Bitcoin and Ethereum's supply, respectively, after fresh buys.
The $12.7 billion staked balance was unchanged in four weekly readings, while BitMine added 53,501 ETH and reported $335 million in annualized staking revenue.
The Defiant•The Defiant Team31 Aug
Bitmine has bought Ether for 65 consecutive weeks, maintaining its accumulation strategy through a prolonged crypto downturn and $5.1 billion in paper losses.
Cointelegraph•Cointelegraph by Sam Bourgi31 Aug