Bitmine Immersion Technologies acquired 27,801 ETH last week, bringing its total holdings to over 5.7 million ETH, or 4.8% of Ethereum's circulating supply. The company also holds significant assets in Bitcoin, cash, and investments, totaling $11.3 billion. Chairman Thomas Lee highlighted the rapid growth of Robinhood Chain, which uses ETH for transaction fees, as evidence of Ethereum's increasing real-world use. Bitmine's staking platform MAVAN has about 4.9 million ETH staked, with expected annual rewards up to $284 million, signaling strong institutional interest and potential revenue growth.
Tom Lee highlighted Ethereum's potential to become the main settlement layer for the artificial intelligence era, driven by leadership changes in the Ethereum Foundation and growing institutional adoption. He noted macroeconomic factors like U.S. mon...
Bitcoin and Ethereum ETFs have reversed a recent trend of outflows, recording significant net inflows over the past day and week. Bitcoin ETFs gained 1,439 BTC ($89.69M) in one day and 2,763 BTC ($172.17M) over the week, while Ethereum ETFs saw inflo...
Bitmine Immersion Technologies purchased 27,801 Ethereum (ETH) for $50 million, bringing its total ETH holdings to 5.77 million tokens worth $10.2 billion. The company is close to reaching its goal of owning 5% of the total ETH supply, which it expec...
Spot Bitcoin ETFs attracted $197.4 million in net inflows during the week of July 6–10, breaking an eight-week streak of withdrawals that totaled about $8.26 billion. This reversal coincides with Bitcoin trading at around $63,917, below its spring hi...
BitMine Immersion increased its Ethereum treasury to 5.77 million ETH, representing about 4.8% of the circulating supply. Nearly five million ETH are staked, generating rewards while maintaining a large corporate ETH reserve. Chairman Tom Lee highlig...
