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.
28 Articles
28 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...
Tom Lee’s BitMine buys 5,000 ETH from Ethereum Foundation in second OTC deal
Tom Lee’s BitMine Immersion Technologies has purchased 5,000 Ethereum (ETH) directly from the Ethereum Foundation in a private over-the-counter (OTC) transaction, marking the second time the foundation has offered ETH from its treasury to a publicly traded enterprise. The move highlights developing institutional involvement in Ethereum as treasury-centered companies continue accumulating the asset notwithstanding broader market volatility. 1/ T…
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