US EditionEthereum news: Tom Lee touts ETH as 'wartime store of value' as Bitmine (BMNR) buys more
Bitmine said it bought 101,901 ETH last week and now earns staking revenue on 3.7 million tokens through its MAVAN platform.
- On Monday, Bitmine Immersion Technologies reported its Ethereum holdings surpassed 5 million tokens, reaching 5,078,386 units, a milestone Chairman Thomas "Tom" Lee noted was achieved in roughly 10 months.
- Guided by its "alchemy of 5%" philosophy, Bitmine aggressively accumulated 101,901 ETH last week to establish the cryptocurrency as its primary treasury reserve asset.
- Bitmine recently launched the Made-in America VAlidator Network to manage staking operations, with 3,701,589 ETH currently staked generating annualized revenue of roughly $264 million.
- The company's total cryptocurrency and cash holdings now reach $13.3 billion, including $940 million in cash and stakes in Beast Industries and Eightco Holdings, which Lee describes as "moonshots."
- Characterizing Ethereum as a "war-time store of value," Bitmine pursues its goal of acquiring 5% of circulating ETH supply while leveraging Wall Street tokenization and agentic AI systems.
27 Articles
27 Articles
The New York Ledger
CointelegraphBitMine Expands ETH Holdings Despite $6.5B in Unrealized Losses
BitMine Immersion Technologies, the Ether treasury company backed by Fundstrat’s Tom Lee, has expanded its ETH holdings for the second time in as many weeks, even as large unrealized losses underscore the strategy’s risks. The company said Monday it purchased an additional 101,901 Ether last week, bringing its total holdings to roughly 5.08 million ETH. Its combined crypto and cash reserves now stand at about $13.3 billion. Source: Wu Blockchai…
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach Unprecedented World Record of 5.078 Million Tokens, and Total Crypto and Total Cash Holdings of $13.3 Billion
Bitmine owns more than 4.21% of the total ETH coin supply of 120.7 million Bitmine is 84% of the way to the 'Alchemy of 5%' in just 10 months Ethereum...
Bitcoin Insider
BitcoinistBitmine Just Staked Another $260M In Ethereum: What’s the Endgame?
Ethereum is struggling to reclaim the $2,400 level as the broader market consolidates and buyers search for the conviction needed to push through overhead resistance. The price chart shows hesitation. The on-chain data, however, is showing something quite different — and it is coming from the same entity that has been quietly reshaping Ethereum’s supply […]
BitMine stock analysis: what next for this future free cash flow machine?
BitMine stock price has gone sideways this month, even as Ethereum has remained above the important support level at $2,000. This consolidation could be the calm before the storm as the company continues its Ethereum purchases and staking.BitMine stock on edge as Ethereum buying and staking continuesThe BMNR stock price has moved sideways in the past few weeks, even as the company has continued its Ethereum buying spree. Data shows that the comp…
Ethereum Supply Shock: BitMine Now Holds 5M ETH
5M Ethereum worth (4.21% of circulating supply) $11.6 B now held by Tom Lee’s BitMine, after a $232M weekly buy spree. Positions BitMine as top public ETH treasury, citing wartime outperformance vs S&P 500; nears 5% supply goal for scarcity floor. Added $214M to MAVAN validators (3.7M ETH staked, $264M annual revenue), eyeing $363M once fully deployed. BitMine Immersion Technologies, led by Chairman Tom Lee, recently added more ETH to its Ethere…
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