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 […]
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 […]
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 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 […]
The world’s largest Ethereum treasury company shows no signs of fear or doubt as it continues to aggressively accumulate assets. Retailers may be panic-selling Ether today, but Tom Lee’s BitMine Immersion Technologies remains bullish. The company reported on Monday that it had collected 102,259 ETH worth more than $300 million in the past week. “Tom […]
Will ETH rise to $60,000 by 2026 as Lee predicted? Here’s ChatGPT’s take on it. Tom Lee has long been a proponent of cryptocurrency and recently shifted his focus from BTC to ETH. His company, BitMine Immersion Technologies, now owns billions of dollars worth of the largest altcoin. He has also made numerous bullish predictions […]
Fundstrat’s Tom Lee remains convinced that there will be a new Bitcoin all-time record in the coming months. “I think Bitcoin could reach an all-time high by the end of January,” Tom Lee told CNBC on Monday. “I’m quite optimistic about December, even though the first day was mixed,” he said. The BitMine chairman added […]
TLDR Tom Lee predicts that Bitcoin could hit a new all-time high in January 2026 due to shifting policy and leadership changes at the Federal Reserve. Lee remains confident that Bitcoin’s bullish trend will continue in the long term, despite recent price swings and global market concerns. The possible appointment of Kevin Hassett as Fed […]
A recent report discussed how Digital Asset Treasury (DAT) companies like BitMine and Strategy are sitting on billions of dollars in unrealized gains as Ethereum (ETH) and Bitcoin (BTC) lose crucial support levels. Related reading DATs face ‘increasing scrutiny’ On Thursday, crypto insights firm 10x Research said reported that the largest Ethereum Treasury company, BitMine […]
Bitcoin fell below $90,000 this week, a level it hasn’t reached in seven months, according to data. Traders watched nervously as the flagship token moved around $90,700, leaving it roughly 25% below its recent all-time high of just over $126,000 on October 6. Markets noted that a major liquidation event on October 10 is still […]
