Key highlights: BitMine saw $45 million in revenue from Ethereum staking This was 98% of the company’s total revenue Chairman Tom Lee projected that annual staking rewards could reach $284 million Tom Lee’s BitMine reported that it brought in $45.7 million from Ethereum staking and validation during the quarter that ended on May 31, according […]
Tag: MAVAN
By Jordan Lyanchev Bitmine Immersion Technologies, the former bitcoin miner turned massive Ethereum accumulator, continues to increase its altcoin exposure by snapping another 30,567 tokens over the past week. Its total has grown to 5.77 million coins, and the latest purchase cements its position as the world’s largest corporate holder of Ethereum. Coming for 5% […]
Key highlights: BitMine bought 52,203 ETH, raising its total holdings to 5.67 million ETH. The firm now controls about 4.7% of Ethereum’s circulating supply. Tom Lee says the crypto market still remains in the early stages of a “crypto spring.” Tom Lee’s BitMine is showing no signs of stopping its Ethereum purchases, even with the […]