Tag Archives: BitMine

BitMine’s Unrealized Losses Hit $3.7B As Ethereum (ETH) Price Struggles Below $3,000

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A recent report discussed how Digital Asset Treasury (DAT) companies like BitMine and Strategy are sitting on billions of dollars of unrealized profits as Ethereum (ETH) and Bitcoin (BTC) lose crucial support levels. DATs To Face ‘Increasing Scrutiny’ On Thursday, crypto insights company 10x Research reported that the largest Ethereum Treasury company, BitMine Immersion Technologies,… Continue reading BitMine’s Unrealized Losses Hit $3.7B As Ethereum (ETH) Price Struggles Below $3,000→

Ethereum (ETH) Reclaims $3,500 Amid Market Rebound, Analysts Forecast December Take-Off

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Amid the recent market recovery, Ethereum (ETH) is retesting a key level as support for the first time in a week, leading some market watchers to suggest that the highly anticipated end-of-year run may be delayed for a few more weeks. Ethereum Eyes Next Key Level On Monday, Ethereum retested a crucial level after reclaiming… Continue reading Ethereum (ETH) Reclaims $3,500 Amid Market Rebound, Analysts Forecast December Take-Off→

Bitmine Buys 44,036 Ethereum Worth $166M During Market Dip – Details

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Ethereum (ETH) remains under pressure, trading below the $4,000 mark as bulls attempt to reclaim control following weeks of post-crash uncertainty. The sharp sell-off on October 10 not only flushed leveraged positions across the market but also disrupted the uptrend ETH had been building throughout the summer. Since then, price action has weakened, and momentum… Continue reading Bitmine Buys 44,036 Ethereum Worth $166M During Market Dip – Details→

Has The Crypto Treasury Bubble Burst? Tom Lee Thinks So

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BitMine’s Chairman, Tom Lee, has shared his perspective on the recent surge of crypto-focused treasury companies and the future of this multi-billion-dollar trend. Crypto DATs Bubble Already Burst On Thursday, BitMine’s Chairman Thomas “Tom” Lee joined Fortune’s Crypto Playbook Podcast to discuss the surge of Digital Assets Treasury (DAT) companies and why he thinks the… Continue reading Has The Crypto Treasury Bubble Burst? Tom Lee Thinks So→

Ethereum 23% Rally Pushes BitMine’s ETH Treasury Holdings To $13.4 Billion

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As BitMine continues to bet on Ethereum (ETH), the King of Altcoins is eyeing a crucial resistance level that could set the stage for a new breakout, leading some analysts to suggest that a new all-time high (ATH) is around the corner. Ethereum Ready For New Highs? On Monday, Ethereum rallied to a multi-week high… Continue reading Ethereum 23% Rally Pushes BitMine’s ETH Treasury Holdings To $13.4 Billion→

Bitmine’s Ethereum Appetite Grows With Fresh $70 Million Buy

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BitMine Immersion Technologies has added nearly $70 million worth of Ethereum to its holdings, pushing the company’s ETH stash to a value near $8.66 billion. Based on reports, the purchases were made through Galaxy Digital’s over-the-counter desk and arrived in several chunks rather than a single block. Purchase Broken Into Four Tranches The recent buys… Continue reading Bitmine’s Ethereum Appetite Grows With Fresh $70 Million Buy→

Bitmine Adds Another $65.3M In Ethereum – Details

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Ethereum continues to display resilience in the face of recent volatility, holding firmly above the $4,200 level. Despite this strength, ETH has yet to break decisively above $4,500—a critical barrier that would confirm the next leg of its uptrend. Instead, selling pressure is mounting as the broader market feels the weight of profit-taking and uncertainty,… Continue reading Bitmine Adds Another $65.3M In Ethereum – Details→

Ethereum Bullishness: Ark Invest Boss Scoops $16-M More In BitMine Stock

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BitMine Immersion Technologies saw its stock sink nearly 8% this week, yet that didn’t stop Cathie Wood’s ARK Invest from pouring another $15.6 million into the company. The latest move comes during a period of heightened volatility in both equities and crypto markets. ARK Expands Its Holdings According to ARK’s trading disclosures on August 27,… Continue reading Ethereum Bullishness: Ark Invest Boss Scoops $16-M More In BitMine Stock→

SharpLink Poised To Dominate Ethereum Treasury Holdings At Record Pace — Here’s How

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SharpLink is rapidly positioning itself as a leader in corporate Ethereum holdings. The company is accelerating its accumulation strategy at unprecedented speed. Combined with its existing ETH holdings, the company might be on track to outpace every other ETH treasury holder in both speed and scale. Why SharpLink’s Ethereum Strategy Could Redefine Corporate Treasuries In… Continue reading SharpLink Poised To Dominate Ethereum Treasury Holdings At Record Pace — Here’s How→

The ‘MicroStrategy’ Of Ethereum Emerges: Tom Lee And Joe Lubin Raise $675M To Stack ETH

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The ‘MicroStrategy’ of Ethereum has emerged, with Fundstrat’s Tom Lee and Joe Lubin making moves to advance their respective ETH treasuries. Tom Lee has emerged as the Chairman of BitMine, which will hold ETH, while Lubin is already the Chairman of SharpLink Gaming. Lee and Lubin Raise $675 Million for Ethereum Treasury Strategy Tom Lee… Continue reading The ‘MicroStrategy’ Of Ethereum Emerges: Tom Lee And Joe Lubin Raise $675M To Stack ETH→