Bitmine Adds $68 Million in ETH, Pushing Holdings Toward 6 Million Tokens
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· body · New information from a source
Bitmine added 27,180 ETH in a purchase valued at $68 million, bringing its total ether holdings to 5.96 million, according to The Block.Tom DeMark, an adviser to the company, forecasted a sharp upward move in ether in the coming weeks, according to CoinDesk reporting.- Bitmine Immersion added 27,180 ETH, valued at $68 million, bringing its total holdings to 5.96 million ETH, according to The Block.
- The purchase moves the company closer to its stated goal of owning 5% of Ethereum's total supply, according to Decrypt, which also reported that most of Bitmine's tokens are earning staking rewards.
- Chairman Tom Lee said he sees more upside catalysts ahead for ether, according to CoinDesk.
- Separately, Bitmine adviser Tom DeMark forecast a sharp upward move in the coming weeks, according to The Block.
- The purchase adds to Bitmine's already large ether treasury, which the company has been building up in stages.
· summary · New information from a source
Bitmine purchased 27,180 ETH, raising total holdings to 5.96 million as an adviser forecasts an imminent sharp upward move.- Bitmine bought 27,180 ETH worth $68 million, lifting its holdings to 5.96 million tokens as advisers Tom Lee and Tom DeMark point to more gains ahead.
· headline · New information from a source
Bitmine adds 27,180 ETH worth $68 million to holdings; adviser sees sharp move ahead- Bitmine Adds $68 Million in ETH, Pushing Holdings Toward 6 Million Tokens
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
Bitmine Immersion added 27,180 ETH, valued at Bitmine adds $68 million in ether as Tom Lee sees more upside catalysts ahead.
, bringing its total holdings to Bitmine added 27,180 ETH, taking its holdings to 5.96 million as advisor Tom DeMark forecasts a sharp upward move.
ETH, according to The Block.
The purchase moves the company closer to its stated goal of owning The purchase brings the company closer to its goal of owning 5% of Ethereum’s supply, with most of its tokens earning staking rewards.
of Ethereum’s total supply, according to Decrypt, which also reported that most of Bitmine’s tokens are earning staking rewards.
Chairman Tom Lee said he sees more upside catalysts ahead for ether, according to CoinDesk. Separately, Bitmine adviser Tom DeMark forecast a sharp upward move in the coming weeks, according to The Block.
The purchase adds to Bitmine’s already large ether treasury, which the company has been building up in stages.
Sources: CoinDesk, The Block, Decrypt
This article is for information only and is not financial advice.
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Story so far 2 updates
- digestBitmine adds 27,180 ETH worth $68 million to holdings; adviser sees sharp move aheadfirst reported · 2 sourcescoindesk.com · theblock.co
- storyBitmine Adds $68 Million in ETH, Pushing Holdings Toward 6 Million Tokensupdate · 3 sourcescoindesk.com · theblock.co · decrypt.co
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