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.
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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
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
Chairman Tom Lee makes case for major share count increase
Tom Lee, chairman of ether ETH$3,123.49 treasury firm BitMine Immersion (BMNR), urged shareholders to approve a board proposal for a sharp increase in the company’s authorized share count. In a start-of-the-year message, Lee said the proposal to boost the company’s number of shares to 50… Read More
Tom Lee responds to controversy surrounding Fundstrat’s differing bitcoin outlooks
A debate on X over whether Fundstrat analysts are sending mixed signals on bitcoin intensified over the weekend, prompting a response from the firm’s co-founder, , that appeared to endorse a more nuanced explanation of the differing views. The discussion began after an X user… Read More