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Tom Lee’s Bitmine Buys Back 5.5M BMNR Shares as ETH Stack Nears 5.8M Tokens

According to an announcement published Monday, Bitmine Immersion Technologies now holds 5.78 million ether tokens, pushing its total crypto, cash, and equity stake holdings to $11.5 billion. The Norwalk, Connecticut-based ethereum (ETH) treasury company disclosed the figures in its weekly shareholder update. Bitmine’s ether position now represents 4.8% of the total 120.7 million ETH supply, […]

Bitcoin.com NewsBitcoin.com NewsJamie Redman20 Jul

Bitmine nears its Ethereum buying limit – Now it needs demand to make the bet pay off

Bitmine plans to slow its Ethereum purchases as its holdings approach 5% of the cryptocurrency’s supply, ending a year of rapid accumulation that made the company the network’s largest corporate token holder. In his July Chairman message, Thomas Lee said Bitmine has amassed 5.7 million ETH, equal to about 4.8% of supply, but will approach […]

CryptoSlateCryptoSlateOluwapelumi Adejumo17 Jul

BitMine made $46 million staking Ethereum then lost twice that betting on it

BitMine's push to turn one of the world's largest corporate Ethereum holdings into a source of recurring income generated nearly $46 million from staking last quarter. Yet a $92.1 million options loss overwhelmed those gains, while rising treasury costs and aggressive share issuance further weakened the economics for existing shareholders. For the fiscal third quarter […]

CryptoSlateCryptoSlateOluwapelumi Adejumo15 Jul

Bitmine Makes Ethereum King, Turns 98% of Revenue Into Staking Windfall

Bitmine Immersion Technologies Inc. generated $45.7 million from ethereum staking during the third quarter of fiscal year 2026, marking a fundamental shift in the firm’s corporate operating model. The publicly traded blockchain infrastructure company filed its Form 10-Q with the U.S. Securities and Exchange Commission (SEC), detailing financial results for the period ending May 31, […]

Bitcoin.com NewsBitcoin.com NewsJamie Redman15 Jul