Browsing: Bitmine

Bitmine released Chairman’s Message on October 7 titled “Crypto Bull Underway — This Cycle Likely the Largest”

BitMine has staked 84% of its Ethereum holdings, projecting up to $400 million in annual staking revenue once the entire treasury is deployed. ByJose Oramas

Ethereum is attracting another wave of institutional attention after BitMine added 28,086 ETH to its treasury, worth roughly $69 million at current prices. The purchase takes BitMine’s holdings to approximately 5.93 million ETH, bringing it close to its goal of owning 5% of Ethereum’s supply.

BitMine now holds 5.93 million ETH, worth roughly $14.8 billion, representing 4.9% of total supply and bringing it close to its 5% target. ByJose Oramas

BitMine Immersion Technologies has purchased 28,086 ETH worth about $70.1 million, raising its Ethereum treasury to 5.93 million tokens as Chairman Tom Lee predicts further gains for the asset. BitMine acquired 28,086 ETH last week, lifting its holdings to 5,929,198 tokens. The company now owns 4.9% of Ethereum’s estimated 122 million-token supply. More than 5.06…