Bitmine Buys More Ethereum as Tom Lee Calls the Binance Hack Bullish
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Tom Lee's Bitmine Adds $74M in Ethereum, Declares a Crypto Bull Market 'Underway'
The purchase lifts Bitmine's stash to nearly 5.99 million ETH—4.9% of supply—as chairman Tom Lee argues Ethereum's outperformance signals a stronger move ahead and institutions remain underweight.
Tom Lee’s Bitmine Adds $30 Million in Ethereum as Buying Nears Its Finish Line
The purchase lifts Bitmine’s stash to 6.04 million ETH—4.9% of supply and 99% of the way to its “Alchemy of 5%” goal—as chairman Tom Lee framed a market-wide selloff as an attractive entry point.
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.
Bitmine Adds $32M in Ethereum as Tom Lee Says Firm Is Nearly 'Done Stacking'
The Ethereum treasury firm now holds 6.03 million ETH, 4.9% of supply, as Lee predicts the biggest crypto bull market yet.
Bitmine's Relentless Ethereum Buying Is About to End, Tom Lee Says
Speaking at Token2049 in Singapore, the chairman said Bitmine is about 100,000 ETH—roughly six to seven weeks—from its 5% cap, setting an end date on a buying spree that made it the world's largest Ethereum treasury.
Bitmine Buys $41M More Ethereum, Reaching 99% of Its 'Alchemy of 5%' Target
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.