BitMine gobbles over $2B in ETH in 16 days amid treasury arms race
Chairman of BitMine’s board of directors, Tom Lee, said the company wants to acquire and stake at least 5% of the total Ether supply, which would be over 6 million Ether.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Chairman of BitMine’s board of directors, Tom Lee, said the company wants to acquire and stake at least 5% of the total Ether supply, which would be over 6 million Ether.
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 CointelegraphRelated market context
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...
Ethereum treasury firm BTCS sold ether at a loss to keep $64 million Aave loan healthy
The Nasdaq-listed company has 46,676 ETH backing its borrowings, and the loan could become eligible for liquidation if ether slide...
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...
Nakamoto Gets Extra Year on 60 Million USDT Kraken Loan; Derivatives Count Toward Collateral
Nakamoto Inc. (NAKA) is a bitcoin treasury company, a public company holding bitcoin as a core asset, and has borrowed against it....
FutureBit’s Apollo III Bitcoin Miner Hits Micro Center Shelves in Its First Brick-and-Mortar Launch
Bitcoin Magazine FutureBit’s Apollo III Bitcoin Miner Hits Micro Center Shelves in Its First Brick-and-Mortar Launch FutureBit is...
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...