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Tom Lee's Bitmine Adds $70 Million in Ethereum, Holdings Reach 5.93 Million ETH

The company says it holds roughly 4.9% of Ethereum’s supply, with most of its tokens staked to earn rewards.
Disclaimer: The views above are the author's only and do not represent 711BTC. Nothing here constitutes investment advice.

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08-17 15:47

Tom Lee’s Bitmine Buys Another $19 Million in Ethereum as Stash Nears 5% of Total Supply

The firm says it's 96% of the way to owning 5% of Ethereum's total supply, according to Chairman Tom Lee.

08-31 14:54

Tom Lee's Bitmine Buys $131M of ETH in Largest Ethereum Purchase Since June

The purchase lifts Bitmine's stash to 5.9 million ETH—4.9% of supply—as chairman Tom Lee points to crypto's strong third quarter.

07-07 05:16Important

"Whale Tracking": Have South Korean stocks bottomed out? SK Hynix's largest long position adds $2 million against the trend.

According to BlockBeats, on July 7th, Hyperinsight monitoring showed that the whale starting with 0x0ad, discovered yesterday, failed to cut its losses during today's continued sharp decline in South Korean semiconductor stocks. Instead, it continued to increase its holdings after SK Hynix (SKHX) fell to around $1400. As of press time, this address had opened 97 long positions, accumulating 1428,571 units, approximately $2 million. After adding to its position, its SKHX long position increased to 6,523.79 units, equivalent to approximately $9.024 million, with an average price of $1,559.32. The current price is $1,383.30, resulting in a floating loss of approximately $1.148 million. Currently, this address holds approximately $7.53 million in long positions in MU, with a floating loss of approximately $978,000. Two semiconductor long positions total approximately $16.554 million, with a floating loss of approximately $2.126 million. Above this address are 5,095 SKHX sell orders for profit-taking, priced between $1,604 and $1,615, with a notional amount of approximately $8.184 million. Previous report: "Whale Discovery" - SK Hynix's largest long position has invested $2.7 million, and is already showing a paper loss of $370,000. - HyperInsight Bot is now live. Add @HyperInsightBot to the Telegram community and set it as an administrator (message sending permission required) to automatically sync on-chain information.

08-17 16:04

Bitmine nears 5% of Ethereum supply despite $8.4B in unrealized losses

Tom Lee’s Ethereum treasury company keeps buying the second-biggest crypto through the downturn, while more than 5 million staked ETH is projected to generate $287 million in annual rewards.

07-07 06:59

Jupiter Litterbox Trust increased its holdings by 255,800 JUP yesterday, reaching 146 million JUP.

According to Odaily, the Jupiter Litterbox Trust, a strategic reserve trust fund, increased its holdings by 255,800 JUP yesterday, bringing its total holdings this month to 1,928,800 JUP. As of now, the Litterbox Trust holds a total of 146 million JUP.

08-24 15:43

Bitmine Buys Another $81M in Ethereum as ETH Outperforms Bitcoin

Bitmine is about 187,000 Ethereum short of its 5% of supply target.