Search Results for "BitMine"
Crypto Carnage: BitMine Caps ETH Buys as Ether, Bitcoin Slide on Forced Selling
BitMine announced a buying limit on Ethereum (ETH) as the cryptocurrency and Bitcoin experienced a price slide. The downturn was driven by forced selling, primarily impacting traders with leveraged lo…
Bitmine Lifts ETH Treasury to 6.02 Million With Smallest Moves to Acquire Since Mid-august in Landmark Industry Deal
BitMine has acquired 15,112 ETH in the week to October 4, taking its treasury to 6,016,414 tokens, though that purchase was smaller than the 17,362 ETH BitMine bought a week earlier. It was also the c…
Bitmine Moves to Acquire $41m More Ethereum, Reaching 99% of Its 'alchemy of 5%' Target in Landmark Industry Deal
The purchase lifts Bitmine's stash past 6 million ETH—4.9% of supply and 99% of the way to its "Alchemy of 5%" goal—as chairman Tom Lee says Ethereum is "dwarfing" other macro assets. Stakeholders ass…
BitMine Passes 6 Million ETH as Weekly Purchase Slows to 17,362 Tokens
BitMine’s Tom Lee still projects $358 million a year in staking revenue, rising to $424 million once the whole treasury is staked.
Tom Lee's Bitmine Buys Another $47M of ETH, Taking It to 4.9% of Ethereum Supply
Bitmine has staked 84% of its tokens, a position it projects will generate some $358 million a year in staking rewards.