US EditionBitmine (BMNR) news: buys 60,999 ether (ETH) as Tom Lee touts crypto strength amid Iran war
- On Monday, Bitmine Immersion Technologies reported it bought 60,999 ETH last week, raising holdings to 4,595,562 tokens valued at more than $10 billion.
- Bitmine bought 5,000 ETH from the Ethereum Foundation to support EF's operations without selling on the open market, aiming to become the leading Ethereum treasury.
- Staking figures show Bitmine's total staked ETH at 3,040,515, earning about $180 million annually with potential $272 million at scale, according to Thomas "Tom" Lee.
- Despite large paper losses, the company continues buying, with Bitmine's ETH holdings equal 3.81% of the ETH supply, and stock nearly 9% higher pre-market as ETH advanced 8.4%.
- Bitmine's scale positions it as the #1 Ethereum treasury and #2 global crypto treasury behind Strategy Inc., with the purchase being its biggest this year and supporting high liquidity.
22 Articles
22 Articles
Why Bitmine Immersion Technologies Stock Rocked the Market on Monday
Key PointsIt just keeps adding to its holdings in the high-profile cryptocurrency.It also has a limited collection of related assets.10 stocks we like better than Bitmine Immersion Technologies › An investment in crypto company BitMine Immersion Technologies (NYSEMKT: BMNR) is one of the top sideways plays on the value of Ethereum. So when the currency does well, as it has lately, investors tend to welcome any move BitMine makes to expand its ho…
Bitmine Soars 11% — Tom Lee’s Ethereum Bet Just Got Even Bigger
Quick Read Bitmine Immersion Technologies (BMNR) shares surged 11% after the company purchased 60,999 Ethereum (ETH) to reach 4.596 million tokens (3.81% of the total ETH supply), with 3.04 million staked to generate an estimated $180 million in annualized staking revenues. The company also increased its investment in Eightco (ORBS), a firm holding OpenAI equity, with a $75 million commitment alongside ARK Invest and Payward. Chairman Tom Lee…
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.596 Million Tokens, and Total Crypto and Total Cash Holdings of $11.5 Billion
Bitmine has 3,040,515 staked ETH, representing $6.6 billion at $2,185 per ETH; MAVAN staking solution on track to launch Q1 2026 Bitmine now owns 3.81% of the...
Bitmine Accelerates ETH Buys, Treasury Hits 4.6M Coins
TLDR Bitmine increased its Ethereum purchases and lifted its treasury to 4.596 million ETH. The company bought 5,000 ETH directly from the Ethereum Foundation through an over-the-counter deal. Tom Lee said Bitmine added 60,999 ETH in the past week, exceeding its recent weekly average. Bitmine now controls about 3.81% of Ethereum’s total supply. The company reported total crypto holdings, cash, and investments of about $11.5 billion. Bitmine Imm…
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