Bitmine, the world’s largest Ethereum treasury, has ramped up its ETH buying during the latest crypto market correction, making the company’s largest …
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Finance
Tom Lee’s Ethereum Treasury BitMine Prices Preferred Shares With 9.5% Dividend
by shayaanby shayaanIn brief BitMine raised ~$274 million by selling 3.5 million shares of preferred stock at $80/share, less fees. Proceeds will fund Ethereum …
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Finance
Both Michael Saylor and Tom Lee Have Suffered Losses Exceeding $10 Billion
by shayaanby shayaanThe sharp decline in the cryptocurrency market has also significantly impacted the balance sheets of companies that stand out with their institutional …
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Markets
Tom Lee predicts ether will hit $250,000 as corporate validators take over network control
by shayaanby shayaanThe Bitmine chairman said DeFi and AI could push the Ethereum network’s value into the multi-trillion range, making current prices “future optionality …
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Analysis
Fundstrat’s Tom Lee Says 2027 and 2028 Could Witness the ‘Biggest Gains in the Stock Market in Our Lifetime’ – Here’s Why
by shayaanby shayaanFundstrat’s Tom Lee thinks 2027 and 2028 could represent a one-in-a-lifetime time period for stock gains. Lee says in a new interview …
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In short BitMine added nearly 112,000 ETH worth about $237 million last week, the largest ETH-denominated purchase this year. The company now …
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Markets
Bitmine made its largest ETH purchase this year despite Tom Lee's slowdown suggestion
by shayaanby shayaanThe company bought 111,942 ether last week worth $237 million, ramping up purchases to take advantage of ETH’s drop below $2,200. www.coindesk.com
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Analysis
Longtime Equities Bull Tom Lee Breaks Routine and Predicts Bear Market Later This Year – But Only for Certain Sectors
by shayaanby shayaanFundstrat’s Tom Lee, known for his consistently bullish equity predictions, thinks certain categories of stocks could face a bear market later this …
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Scams
Tom Lee Outlines Liquidity Catalyst for Ethereum Firm BitMine Following Russell Index Update
by shayaanby shayaanIn brief BitMine Immersion Technologies is set to join the large-cap Russell 1000 Index on June 26, comfortably clearing a $5.7 billion …
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House Majority Whip Tom Emmer said concerns from law enforcement groups about crypto developer protections are being overstated. www.coindesk.com