Tom Lee's Bitmine buys $81 million of ETH in largest weekly haul since early July
The treasury firm stepped up its ETH buying as Tom Lee said the crypto’s 30% weekly rally could signal a larger move ahead.
Buys
Bitmine (BMNR) buys $14 million in ETH as Tom Lee expects tailwind for crypto
Bitmine Immersion (BMNR), the largest Ethereum treasury firm, bought another 7,391 ether ETH$1,895.42 last week. The purchase, worth roughly $14.2 million at ether’s price as of writing of $1,915, lifted the company’s holdings to over 5.8 million ETH, or about 4.8% of Ethereum’s total supply.… Read More
Metaplanet (3350) buys another $170 million of bitcoin expanding treasury to 43,000 BTC
Metaplanet (3350) announced the purchase of an additional 2,823 BTC ($170.7 million), bringing its total treasury to 43,000 BTC ($2.6 billion). The acquisition cements the Tokyo listed firm as the third largest publicly traded company holding bitcoin, trailing only Strategy MSTR) and Twenty One Capital… Read More
Bitmine buys 26K ether (ETH) after Tom Lee said to slow down accumulation
Bitmine Immersion Technologies (BMNR) has sharply slowed its ether (ETH) purchase pace as Chairman Tom Lee signaled, following months of aggressive buying that made it the world’s largest Ethereum treasury company. The firm bought 26,659 ether last week, worth about $63 million based on ether’s… Read More
Strategy pauses bitcoin (BTC) buys before Tuesday earnings
Strategy is taking a breather from buying bitcoin. Michael Saylor said Sunday the company would not add to its bitcoin holdings this week, pausing its regular purchase program ahead of Tuesday’s first-quarter earnings release. “No buys this week. Back to work next week,” Saylor wrote… Read More
Bitmine’s (BMNR) ETH buys are catching Strategy’s bitcoin (BTC) accumulation pace
A second corporate accumulator of cryptocurrency is starting to look a lot like the first. Bitmine Immersion Technologies (BMNR), the treasury firm chaired by Fundstrat’s Tom Lee, bought 101,901 ether (ETH) worth roughly $234 million last week. That’s close to the regular weekly purchases from… Read More