Latest Updates Around The World
BitMine bought around $83 million worth of ETH this week, while Ethereum is struggling to recover $2,000. Ethereum has remained volatile since October, while the sell-off has increased over the past month. Tom Lee, head of research at Fundstrat, said investor frustration over the leading altcoin’s recent weakness ignores a long and consistent historical pattern […]
Tom Lee’s BitMine added 40,000 ETH during the dip, wiping out $7.8 billion in losses as Ethereum neared a low. BitMine, the Ethereum-focused treasury chaired by Fundstrat’s Tom Lee, bought about $83 million worth of ETH on Monday, with existing holdings deeply in the red. The purchases came during another volatile session for Ethereum, with […]
BitMine added 41,788 ETH last week as Tom Lee called the pullback attractive amid growing activity on the chain. The price of Ethereum (ETH) fell from around $2,900 to almost $2,100 over the weekend as selling pressure increased. Since then, the price has stabilized somewhat as of Tuesday, but it still remains down more than […]
Ethereum Treasury leader Bitmine is backing MrBeast with a massive equity investment. Bitmine Immersion Technologies on Thursday announced a $200 million equity investment in Beast Industries, the entertainment company founded by YouTube creator Jimmy Donaldson, commonly known as MrBeast. The world’s largest Ethereum treasury company said the transaction is expected to close on or around […]
The proposal is formulated as a structural step to maintain flexibility, and not as an immediate plan to issue new shares. BitMine Immersion Technologies is asking shareholders to approve a massive increase in its authorized shares. The company’s leadership, led by Chairman Tom Lee, has explained that this strategic move is intended to allow for […]
BitMine’s ETH supply grows to over $12 billion as aggressive buying continues amid the holiday slowdown. Ethereum treasury BitMine Immersion Technologies has continued to aggressively grow its ETH holdings even as prices remain stuck below $3,000. In fact, blockchain tracker Lookonchain found that the company bought an additional 32,938 ETH, worth about $97.6 million. Ethereum […]
Bitmine’s crypto war chest reaches $13.2 billion in Ethereum holdings in just 5.5 months under aggressive accumulation. Bitmine Immersion Technologies has announced that its combined crypto holdings, total cash and “moonshots” investments are worth approximately $13.2 billion. The company’s ETH supply has increased to 4.07 million, along with 193 BTC. Aggressive weekly ETH purchases According […]
