Ethereum staking generated 98% of Bitmine’s revenue last quarter as the company’s pivot from Bitcoin mining gained momentum following its March validator launch.
Cointelegraph•Cointelegraph by Felix Ng15 Jul
The startup will build tech and provide consulting to help institutions operate on Ethereum while maintaining confidentiality.
The Block•Daniel Kuhn14 Jul
Bitmine and SharpLink backed the launch, and the founding team spent the past year running the Ethereum Foundation's Institutional Privacy Task Force.
The Defiant•The Defiant Team14 Jul
Bitmine's stock plunge highlights investor skepticism about crypto treasury strategies and the risks of concentrated ETH exposure.
CryptoBriefing•Editorial Team13 Jul
Bitmine now holds 5.77 million ETH, equal to 4.8% of ether’s total supply, putting it 96% of the way to its 5% target. The company said its staked ether position has grown to 4.92 million ETH, with projected annualized staking revenue of $242 million. Bitmine Grows ETH Treasury to 5.77 Million, Reaching 96% of 5% […]
Bitcoin.com News•Emmanuel Musa13 Jul
BitMine's Ethereum acquisition highlights rising institutional interest, potentially influencing market dynamics and Ethereum's financial role.
CryptoBriefing•Estefano Gomez13 Jul
According to BitMine Chairman Tom Lee, Ethereum is benefiting from the early success of the Robinhood Chain layer-2 network.
Bitmine has expanded its Ethereum treasury by another 27,801 ETH, lifting its holdings above 5.77 million ETH, while Chairman Tom Lee has identified the Robinhood Chain as a fresh driver of Ethereum adoption. According to a press release from Bitmine,…
CoinDesk•Helene Braun13 Jul
Bitmine's ETH acquisition could centralize Ethereum's supply, impacting market dynamics and staking rewards, while highlighting ETH's growing utility.
CryptoBriefing•Vivian Nguyen13 Jul
Bitmine accumulates 5.77M ETH tokens, 4.8% of supply, as Tom Lee cites Robinhood Chain driving everyday user adoption.
The Block•Brian Danga13 Jul
BitMine's strategic moves highlight growing institutional confidence in Ethereum, potentially driving market dynamics and influencing asset valuation.
CryptoBriefing•Estefano Gomez13 Jul
Lee outlined the breakaway success of the Robinhood Chain L2 mainnet launch, built on Arbitrum.
Tom Lee's BitMine has described Robinhood Chain as one of the biggest breakout launches in years after the network crossed a $1 billion milestone in DEX volume.
U.Today•Caroline Amosun12 Jul
Tom Lee has reaffirmed that Ethereum will play the central role as traditional finance and cryptocurrency converge into a single market. According to a post published by Bitmine chairman Tom Lee on X, he believes the line separating traditional financial…
Bitmine's massive ETH holdings could influence market liquidity and create concentration risks, impacting Ethereum's price stability and investor strategies.
CryptoBriefing•Editorial Team10 Jul
Bitmine's ETH accumulation strategy could influence market dynamics and investor sentiment, echoing MicroStrategy's impact on Bitcoin.
CryptoBriefing•Editorial Team10 JulThis article has been updated to include a chart showing Bitmine’s share price performance over the past day. Bitmine has increased its Ethereum treasury with another $70 million purchase, taking its holdings to nearly 5% of the token’s circulating supply.…
Bitmine's most recent disclosure shows that it holds 5.74 million ETH, roughly 4.8% of Ethereum's circulating supply.
The Block•Danny Park8 Jul
Bitmine's ETH acquisition underscores growing institutional confidence, potentially impacting Ethereum's market dynamics and future valuation.
CryptoBriefing•Estefano Gomez8 Jul