Bitmine Buys $75 Million More Ether, Pushing Holdings Near 5% of ETH Supply
Updated — view changes (3)
· body · New information from a source
Bitmine acquired $75 million in ether in a move that brings its total Ethereum holdings to over 4.9% of circulating supply, according to The Block.The company's total crypto investments now stand at $17.1 billion.Analyst Tom Lee characterized the purchase as evidence that a bull market is underway and that institutions remain underweight in crypto assets.- Bitmine Immersion bought 27,562 ETH in a purchase valued at $75 million, according to CoinDesk, with Decrypt putting the figure at $74 million.
- The buy lifts the company's total holdings to nearly 5.99 million ETH, according to Decrypt, equal to more than 4.9% of Ethereum's circulating supply, according to The Block and Decrypt.
- The Block reports Bitmine's total investments now stand at $17.1 billion.
- The company has said it is targeting ownership of 5% of Ethereum's supply.
- Bitmine chairman Tom Lee said the crypto bull market is "underway," according to The Block, and argued Ethereum's outperformance points to a stronger move ahead, according to Decrypt.
- Lee also said institutional investors remain underweight crypto, according to CoinDesk and Decrypt.
· summary · New information from a source
Bitmine purchased $75 million in ether, lifting its stake to over 4.9% of the network's circulating supply.- Bitmine added 27,562 ETH worth roughly $75 million, lifting its stash to nearly 5.99 million ETH as chairman Tom Lee calls the crypto bull market 'underway'.
· headline · New information from a source
Bitmine bought $75 million in ether, pushing its holdings to over 4.9% of Ethereum's circulating supply- Bitmine Buys $75 Million More Ether, Pushing Holdings Near 5% of ETH Supply
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 bought 27,562 ETH in a purchase valued at Bitmine bought $75 million ether as Tom Lee says institutions are still underweight crypto.
, according to CoinDesk, with Decrypt putting the figure at Tom Lee's Bitmine Adds $74M in Ethereum, Declares a Crypto Bull Market 'Underway'.
. The buy lifts the company’s total holdings to nearly 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.
ETH, according to Decrypt, equal to more than Bitmine's total investments currently stand at $17.1 billion, and the company owns over 4.9% of Ethereum's circulating supply.
of Ethereum’s circulating supply, according to The Block and Decrypt.
The Block reports Bitmine’s total investments now stand at Bitmine's total investments currently stand at $17.1 billion, and the company owns over 4.9% of Ethereum's circulating supply.
. The company has said it is targeting ownership of ‘Crypto bull market is underway,’ Tom Lee says as Bitmine nears 5% Ethereum supply target with 27,562 ETH buy.
of Ethereum’s supply.
Bitmine chairman Tom Lee said the crypto bull market is “underway,” according to The Block, and argued Ethereum’s outperformance points to a stronger move ahead, according to Decrypt. Lee also said institutional investors remain underweight crypto, according to CoinDesk and Decrypt.
Sources: CoinDesk, The Block, Decrypt
This article is for information only and is not financial advice.
What the market did
Each figure is this site’s own reading, with what it was measured against. A blank is a reading nobody took, not a zero. The before-the-headline window prints the rate a RANDOM hour clears the same bar, because a hit rate without its null is not a finding.
Story so far 2 updates
- digestBitmine bought $75 million in ether, pushing its holdings to over 4.9% of Ethereum's circulating supplyfirst reported · 2 sourcescoindesk.com · theblock.co
- storyBitmine Buys $75 Million More Ether, Pushing Holdings Near 5% of ETH Supplyupdate · 3 sourcescoindesk.com · theblock.co · decrypt.co
Cite this
Archived copy · an independent capture of this page at the Internet Archive, kept so this report can be checked against what it said on the day
← more bytes
