Tom Lee Calls the Bottom: Why Bitmine Just Bought Another 61,000 ETH
The Tom Lee-chaired former Bitcoin mining giant has announced the acquisition of almost 61,000 ETH in the past week, which has pushed its total stash to nearly 4.6 million tokens.…
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Tom Lee’s BitMine Buys Almost 61,000 ETH аs Ethereum Price Eyes $2K
The Tom Lee-chaired former Bitcoin mining entity continues with its substantial ETH accumulation, adding another 60,976 coins for nearly $123 million. Its total stash has risen to 4,535,563 ETH, valued…
Tom Lee Says Ethereum Has Never Failed This Pattern and Expects Another V-Shaped Recovery
Ethereum has remained volatile since October, while the sell-off intensified over the last month. Fundstrat head of research Tom Lee said investor frustration around the leading altcoin’s recent weakness overlooks…
Bitmine Ignores $7.8B Paper Losses, Buys $83M Worth of ETH as Market Dips
BitMine, the Ethereum-focused treasury firm chaired by Fundstrat’s Tom Lee, bought roughly $83 million worth of ETH on Monday, with its existing holdings sitting deep in the red. The purchases…
Tom Lee Shrugs Off ETH Sell-Off, Says Fundamentals Don’t Match Falling Prices
Ethereum’s (ETH) price plunged over the weekend, sliding from around $2,900 to near $2,100 as selling pressure intensified. It has since stabilized slightly as of Tuesday, but remains down more…
Bitmine’s Ethereum Treasury Faces $6.9B Paper Losses in Market Slump
Bitmine, the crypto-focused firm chaired by Fundstrat co-founder Tom Lee, is sitting on more than $6.9 billion in unrealized losses on its Ethereum (ETH) holdings. The situation highlights the severe…
Ethereum Treasury Giant Bitmine Makes $200M Power Move Into MrBeast’s Empire
Bitmine Immersion Technologies announced a $200 million equity investment in Beast Industries, the entertainment company founded by YouTube creator Jimmy Donaldson, who is widely known as MrBeast, on Thursday. The…
BitMine Seeks Major Share Authorization Hike for Ethereum-Led Growth
BitMine Immersion Technologies is asking shareholders to approve a massive increase in its authorized shares. The company’s leadership, led by Chairman Tom Lee, has explained that this strategic move is…
BitMine Doubles Down on Ethereum as Markets Cool into Year-End
Ethereum treasury firm BitMine Immersion Technologies has continued to aggressively expand its ETH holdings even as prices struggle below $3,000. In fact, blockchain tracker Lookonchain found that the company bought…
Tom Lee’s Bitmine Adds 98,852 ETH in a Week, Now Holds 3.37% of Supply
Bitmine Immersion Technologies announced that its combined crypto holdings, total cash, and “moonshots” investments are worth around $13.2 billion. The company’s ETH stash has increased to 4.07 million, along with…