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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…

Continue ReadingTom Lee Shrugs Off ETH Sell-Off, Says Fundamentals Don’t Match Falling Prices

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

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…

Continue ReadingTom Lee’s Bitmine Adds 98,852 ETH in a Week, Now Holds 3.37% of Supply