US EditionTom Lee's BitMine (BMNR) buys 51,162 ether (ETH) amid falling crypto prices
BitMine Immersion Technologies increased its Ethereum holdings to over 4.42 million ETH, representing 3.66% of supply, generating $171 million in annual staking revenue despite market losses.
- On February 22, BitMine Immersion Technologies reported purchasing 51,162 ether last week, raising its Ethereum holdings to more than 4.42 million tokens.
- Generating staking revenue explains the firm's recent buying, with Thomas Lee emphasizing the focus on methodically executing the treasury strategy, as he said, `'In the midst of this 'mini crypto winter,' our focus continues to be on methodically executing our treasury strategy and steadily acquiring ETH and in turn, optimizing the yield on our ETH holdings.'`
- The firm spent $16.4 billion accumulating ETH, and with ETH sliding 3% to $1,918, the treasury now holds more than $8 billion in unrealized losses.
- Share-Market response was immediate, with BMNR trading down in pre-market while holding 193 bitcoin, 691 million in cash, and equity stakes.
- Holding 3.66% of supply positions BMNR as an outsized ETH holder, the firm said its Ethereum holdings now corner 3.66% of the token's total supply.
15 Articles
15 Articles
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.423 Million Tokens, and Total Crypto and Total Cash Holdings of $9.6 Billion
Bitmine has 3,040,483 staked ETH, representing $6.0 billion at $1,958 per ETH; MAVAN staking solution on track to launch Q1 2026 Bitmine now owns 3.66% of the...
BitMine Immersion Technologies has purchased an additional 51,162 ETH for $98 million, bringing its reserves to 4.42 million ETH, or 3.66% of the current supply. The company has invested $16.4 billion in Ether and has over $8 billion in latent losses, despite 171 million in annualized revenues via the staking. Strategy's inspired strategy exposes BitMine to a risky long-term bet on Ethereum, while the BMNR action has lost 60% in six months. $98 …
Key news: Bitmine acquired additional $51,162 ETH for $98 million and accumulates 4.42 million tokens, equivalent to 3.66% of the total supply. The company records more than $8 billion in unrealized losses, but maintains $691 million in cash reserves and total assets for $9.6 billion. President Tom Lee reaffirmed the long-term accumulation strategy, citing tokenization, AI and the creative economy as key drivers of Ethereum. Bitmine Immersion Te…
BitMine Expands Ethereum Treasury to 4.42M as Price Hits Two Week Low
Key Highlights • BitMine added 51,162 ETH, bringing total holdings to 4,422,659 ETH • 3.04 million ETH are staked, generating 171 million USD in annualized rewards • Total crypto, cash, and equity holdings now stand at 9.6 billion USD Yello Paradisers! When Ethereum slips to a two week low and a public company buys more, is that reckless timing or strategic accumulation? BitMine Immersion Technologies has added another 51,162 ETH to its treasury…
Digital Asset Treasury Firm Bitmine Adds 51,162 ETH Amid Market Pullback
Bitmine Immersion Technologies says it now holds 4.423 million ethereum, pushing total crypto and cash reserves to $9.6 billion as it doubles down on its bid to control 5% of the ETH supply. BMNR Ranks Among Most Traded U.S. Stocks With $0.7B Daily Volume Bitmine Immersion Technologies (NYSE American: BMNR) disclosed that its total crypto, […]
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