BitMine Adds $1.7 Billion in Ethereum, Now Second Behind Strategy in Crypto Treasury Rankings
The former Bitcoin miner, for which Tom Lee is chairman, now has the second largest crypto asset treasury.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
MSCI Cuts Strategy From Global Indexes, Putting Bitcoin Treasury Model Under Pressure
Key Takeaways: Under new classification rules instituted by MSCI, Strategy will be phased out of the global equity index. The chan...
Twenty One Capital CEO Says $1.09 Billion Quarterly Profit Came From Bitcoin, Not Business
Twenty One Capital (XXI) reported $1.087 billion in net income for the third quarter, and CEO Rapha Zagury told shareholders on Fr...
Ethereum Dancing on Two Fronts as Quantum Upgrade Advances and Treasury Leverage Bites
Ethereum developers want to upgrade the network to be quantum-ready by 2027, potentially accelerating one of its biggest security...
Saylor’s Strategy Is Now $7 Billion Underwater on Its Bitcoin Bet
Michael Saylor’s Strategy is currently sitting on a paper loss of more than $7 billion on its 850,364 BTC stash. This happened aft...
AVAX One drops data center plans to go all in on Avalanche treasury strategy
AVAX One's pivot to focus on Avalanche staking highlights a strategic shift towards digital asset reliance, increasing exposure to...
Strategy’s Bitcoin Cost Gap Widens to $7.7 Billion
Bitcoin’s fall below $67,000 deepened the shortfall against Strategy’s purchase cost. That threshold does not itself trigger a mar...