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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…

Continue ReadingTom Lee’s BitMine Buys Almost 61,000 ETH аs Ethereum Price Eyes $2K

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…

Continue ReadingTom Lee Says Ethereum Has Never Failed This Pattern and Expects Another V-Shaped Recovery

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…

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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…

Continue ReadingBitmine’s Ethereum Treasury Faces $6.9B Paper Losses in Market Slump