Crypto
BitMine could hit its 5% Ether supply target within weeks - then what?
BitMine could reach 5% of Ether's supply by early November, while Tom Lee has left open whether it would continue buying beyond that level.
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BitMine
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Latest on BitMine
Newest firstCrypto
Bitmine projects $334M in annual staking revenue from $15.8B crypto treasury
Bitmine now has more than 5 million ETH staked, turning most of its Ether holdings into a recurring income stream as it continues to accumulate.
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Bitmine buys 28k ETH, completes 97% of treasury accumulation goal
While Bitmine's completed 97% of its goal to acquire 5% of Ether's supply, Tom Lee's team faces a $5.1 billion unrealized loss on its main treasury asset.
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Bitmine now controls 4.9% of Ethereum supply after adding 53.5K ETH
Bitmine has bought Ether for 65 consecutive weeks, maintaining its accumulation strategy through a prolonged crypto downturn and $5.1 billion in paper losses.
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Bitmine extends 14-month ETH buying pace as Ether breaks above $2.5K
Ether's breakout above $2,500 has put the spotlight back on corporate ETH treasuries, with Bitmine now nearing its long-stated accumulation target.
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Bitmine nears 5% of Ethereum supply despite $8.4B in unrealized losses
Tom Lee's Ethereum treasury company keeps buying the second-biggest crypto through the downturn, while more than 5 million staked ETH is projected to generate…
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Bitmine's $257M annualized staking income 'fills' operational gaps, share buybacks: analysts
Bitmine's Ether staking revenue is an important financial buffer that fills financial gaps and provides recurring revenue streams beyond Ether's price apprecia…
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Bitmine adds $19.6M in ETH, repurchases 4.5M shares
Bitmine said it now holds about 4.8% of Ether's circulating supply as it pursues its 5% acquisition target.
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Bitmine keeps buying Ether as ETH outperforms Bitcoin
The company added nearly 10,000 ETH over the past week, bringing its holdings to 5.79 million Ether, about 85% of which is staked through its validator operati…
Crypto
Bitmine generated $46M from Ethereum staking last quarter
Ethereum staking generated 98% of Bitmine's revenue last quarter as the company's pivot from Bitcoin mining gained momentum following its March validator launc…
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Ether climbs toward $2K as Bitmine buys ETH, Robinhood L2 boost
ETH charts a path toward $2,000 as TradFi adoption, DAT buying and a long-awaited network upgrade boost investor interest.
Crypto
Bitmine lifts Ether holdings to 5.7M as it joins Russell 1000
Bitmine purchased about $43 million worth of Ether last week as it entered the Russell 1000 Index, bringing it closer to its goal of owning 5% of ETH's supply.
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BitMine boosts ETH holdings closer to $10B as bear market accumulation continues
BitMine continued buying Ether through the market downturn, growing its stake to nearly 5% of the circulating supply while generating staking yield amid mounti…
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Bitmine eyes dividend-paying preferred shares, echoing Strategy's playbook
The move comes as Ether prices slumped to a 14-month low below $1,750 on Thursday.
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Bitmine buys $52M ETH as Tom Lee says price not yet showing Ethereum's strength
Bitmine is aiming to hold 5% of the total circulating supply of 120.6 million Ether tokens and is about 90% of the way to its target after its latest purchase.
Markets
Bitmine's Tom Lee hints at stock tailwinds after firm considered for Russell 3000
Bitmine's Tom Lee says the firm could be considered for the Russell 1000, and its stock may get a boost from active and passive fund managers.
Crypto
Ether pullback was 'attractive opportunity' for 71,672 ETH buy: Bitmine's Lee
Bitmine chairman Tom Lee said the company is expected to have accumulated 5% of Ether's total supply before the end of the year.
Crypto
Bitmine slows Ethereum buys, targets December to own 5% of supply
Tom Lee doubles down on the crypto spring, points to the Ether price rising in correlation with software stocks as further evidence.
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Ethereum Foundation sells another 10,000 ETH to BitMine in third OTC deal
The Ethereum Foundation has now sold roughly $47 million worth of ETH to BitMine in a week, drawing fresh criticism over the pace and scale of its sales.
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BitMine acquires 101,000 ETH despite $6.5B in unrealized losses
The crypto treasury company continues to buy Ether and earn staking rewards, even as price swings leave billions in unrealized losses on its balance sheet.
Crypto
Bitmine ramps up Ether buys, pushes holdings toward 5% of total supply
While others refrain from boosting their Ether holdings, Bitmine's latest purchase gives it ownership of about 4% of total supply as the company expands its st…
Markets
Bitmine Joins NYSE With $4 Billion Buyback But Stock Slips 2% On Debut Day
Bitmine debuts on the NYSE and expands its buyback to $4B, holding 4.8M ETH worth $10B as shares slip 2% on opening day.
Crypto
Ethereum Foundation accelerates 70,000 ETH staking plan after BitMine sale
The Ethereum Foundation deployed $46.2 million in ETH across 11 deposits as it accelerates a 70,000 ETH staking plan.
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Bitmine chair sees 'mini-crypto winter' thaw for ETH as it hits 77% of goal
Bitmine Immersion Technologies bought another $139 million in Ether last week, bringing its ETH holdings to 4.6 million.
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Ethereum Foundation sells $10.2M worth of ETH to BitMine in OTC deal
The Ethereum Foundation completed a $10.2 million OTC sale of 5,000 ETH to BitMine as part of its treasury management strategy to fund operations and ecosystem…
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Bitmine paper loss nears $8.8B as Ether slump tests cyclical thesis
The mounting unrealized losses of Bitmine shareholders and Ether's 60% decline are signaling a critical inflection point that may define Ether's medium-term mo…
Finance
Morgan Stanley, other top holders add Bitmine exposure amid sell-off
Bitmine's top holders continued to increase exposure, showing steady institutional demand for the largest Ether treasury company from Wall Street heavyweights.
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Top crypto treasury companies Strategy and Bitmine add to BTC, ETH stacks
The buys lift Strategy holdings to 717,131 BTC and Bitmine to 4.37 million ETH, expanding corporate crypto treasuries despite continued market weakness.
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Strategy Expands Bitcoin Holdings With $90M Purchase, Bitmine Follows With ETH
Strategy is continuing its Bitcoin accumulation strategy despite ongoing market weakness and growing concerns around unrealized losses.
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BitMine buys 40,613 ETH during sell-off as Ether strategy faces deep drawdown
Tom Lee - backed BitMine added over 40,000 ETH during last week's market sell-off, doubling down on its Ether treasury strategy despite multibillion-dollar unr…
