US EditionTom Lee: 'BitMine Is Halfway To Owning 5% Of Ethereum' - BitMine Immersion Techs (AMEX:BMNR)
BitMine owns 3.5 million Ethereum tokens, representing 2.9% of the supply, aiming for 5% as part of a $13.2 billion crypto treasury backed by top institutional investors.
- BitMine on Monday disclosed $13.2 billion in crypto, cash and 'moonshots' holdings, including 3.5 million ETH at roughly 2.9% of supply and aiming for 5%.
- Supported by institutional backers including ARK's Cathie Wood and Thomas "Tom" Lee, BitMine said Ethereum proved better investments than gold and cited growing Wall Street interest in tokenization.
- Through active purchases, BitMine acquired 110,288 ETH last week, 34% more than the prior week, and added around 675,000 ETH worth over $2.4 billion with unencumbered cash at $398 million.
- Fundstrat data shows BMNR averaged $1.6 billion daily in trading, ranking #48, while BMNR shares rose over 5% and ETH rallied to $3,600.
- Viewed broadly, SEC Form 10-K filings include cautionary language about risks amid the October 10th deleveraging event, highlighting regulatory caveats and market stress.
16 Articles
16 Articles
Tom Lee: 'BitMine Is Halfway To Owning 5% Of Ethereum' - BitMine Immersion Techs (AMEX:BMNR)
BitMine Immersion Technologies Inc. (NYSE:BMNR) shares rose 6.4% Monday after the company announced its Ethereum (CRYPTO: ETH) holdings reached 3.5 million tokens, valued at $13.2 billion in total crypto and cash assets. BitMine Expands Ethereum Treasury to 2.9% of Supply BitMine disclosed that it now owns 2.9% of the total ETH supply, surpassing the halfway mark toward its long-stated goal of accumulating 5%. The company's crypto holdings incl…
BitMine Immersion (BMNR) Announces ETH Holdings Reaching 3.5 Million Tokens and Total Crypto and Cash Holdings of $13.2 Billion
BitMine Crypto + Cash Holdings + "Moonshots" total $13.2 billion, including 3.5 million ETH tokens, unencumbered cash of $398 million, and other crypto...
Ethereum’s Growth Boosted by BitMine’s $13.2B Ethereum Treasury – #CryptoUpdatesGNIT
TLDR BitMine now holds over 3.5 million ETH, valued at $13.2 billion. The company increased its Ethereum holdings by 34% in the past week. BitMine aims to acquire 5% of the total Ethereum supply in the future. BitMine’s Ethereum holdings represent 2.9% of the total ETH supply. Propanc Biopharma has secured a $100 million private placement with Hexstone Capital. BitMine Immersion Technologies has announced it now holds over 3.5 million ETH, value…
Ethereum’s Growth Boosted by BitMine’s $13.2B Ethereum Treasury
TLDR BitMine now holds over 3.5 million ETH, valued at $13.2 billion. The company increased its Ethereum holdings by 34% in the past week. BitMine aims to acquire 5% of the total Ethereum supply in the future. BitMine’s Ethereum holdings represent 2.9% of the total ETH supply. Propanc Biopharma has secured a $100 million private placement with Hexstone Capital. BitMine Immersion Technologies has announced it now holds over 3.5 million ETH, valu…
BitMine Stock Jumps 4% as Crypto and Cash Holding Tops $13.2 Billion
Key Insights BitMine stock jumped 4% on the daily charts as investors showed optimistic sentiments. BitMine crypto and cash holdings soared to $13.3 billion per the latest report. BitMine has pledged commitment to ETH, consistently buying the dips. BitMine Immersion Technologies stocks (BMNR) have surged more than 4% today, driven by the recovery of the broader cryptocurrency market. The BMNR stock rally also followed reports that BitMine’s cry…
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