By Marco Piccolo Key highlights: BitMine Immersion Technologies (BMNR) acquired over 54,000 ETH last week, bringing its total holdings close to 3.6 million ETH. Chairman Tom Lee believes Ethereum is entering a “supercycle” akin to Bitcoin’s 100x run since 2017. Despite market weakness, Lee argues structural factors could push crypto’s cycle peak to 2026 or […]
Tag: BMNR
By Marco Piccolo Key highlights: Ark Invest acquired 240,507 shares of BitMine Immersion (BMNR), valued at approximately $9 million, across three ETFs. The move follows a broader strategic shift by Cathie Wood toward Ethereum-focused assets despite recent cuts to Bitcoin projections. BitMine remains the largest Ethereum treasury holder, with nearly 3.4 million ETH, and aims […]
By Marco Piccolo Key highlights: BitMine Immersion Technologies purchased 23,823 ETH worth $103.7 million on October 10, continuing its aggressive accumulation strategy. The company now holds 2.83 million ETH, valued at approximately $12.3 billion, making it the largest corporate Ethereum treasury. Despite recent criticism from Kerrisdale Capital, BitMine remains committed to its goal of acquiring […]