Topic
bitmine
3 stories
BitMine adds $14M of ether as its cash falls to $104M, per Decrypt
Decrypt reports that Tom Lee's BitMine bought $14 million of ether while its cash position fell to $104 million, a purchase small enough to raise questions about remaining dry powder.
Onchain trackers say Bitmine bought another $70M in ETH; the company hasn't confirmed it
Onchain analyst Lookonchain says Tom Lee's Bitmine bought 40,000 ETH (about $70 million) on Tuesday; the company has not confirmed the purchase, which would edge its holdings toward a 5% supply target.
BitMine's ether pile nears 5% of all ETH as Tom Lee pins the rally on a 50/50 regulatory bet
BitMine bought about 42,197 ether for roughly $73–74 million last week, pushing its treasury to 5.74 million ETH — near 5% of all Ethereum — as chairman Tom Lee credited a coin-flip Clarity Act bet for ether's relative strength.