BitMine Immersion (BMNR) has announced that its total crypto and cash holdings now exceed $13.4 billion, including 2.83 million ETH tokens and $456 million in unencumbered cash. The company owns more than 2% of the ETH token supply, aiming to reach 5% of the total supply, referred to as the „Alchemy of 5%.“ BitMine is the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc (MSTR). It is also one of the most actively traded stocks in the US, with a $2.5 billion average daily trading volume.
Thomas „Tom“ Lee of Fundstrat, Chairman of BitMine, emphasized Ethereum’s role as the foundation for future financial and AI advancements, stating that ETH’s price is a discount to the future. The company is supported by prominent institutional investors, including ARK’s Cathie Wood, Founders Fund, Kraken, and Galaxy Digital.
BitMine’s operations span low-cost energy regions in Trinidad, Pecos, Texas, and Silverton, Texas. The company’s focus is on long-term crypto accumulation through Bitcoin mining, synthetic Bitcoin mining, and advisory services. The press release includes forward-looking statements about future growth, Ethereum’s long-term value, and the company’s strategy.
pk1950 on
how is he raising funds?
BartAfterDark on
Why does he want 5%?
Leave A Reply
Du musst angemeldet sein, um einen Kommentar abzugeben.
3 Kommentare
BitMine Immersion (BMNR) has announced that its total crypto and cash holdings now exceed $13.4 billion, including 2.83 million ETH tokens and $456 million in unencumbered cash. The company owns more than 2% of the ETH token supply, aiming to reach 5% of the total supply, referred to as the „Alchemy of 5%.“ BitMine is the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc (MSTR). It is also one of the most actively traded stocks in the US, with a $2.5 billion average daily trading volume.
Thomas „Tom“ Lee of Fundstrat, Chairman of BitMine, emphasized Ethereum’s role as the foundation for future financial and AI advancements, stating that ETH’s price is a discount to the future. The company is supported by prominent institutional investors, including ARK’s Cathie Wood, Founders Fund, Kraken, and Galaxy Digital.
BitMine’s operations span low-cost energy regions in Trinidad, Pecos, Texas, and Silverton, Texas. The company’s focus is on long-term crypto accumulation through Bitcoin mining, synthetic Bitcoin mining, and advisory services. The press release includes forward-looking statements about future growth, Ethereum’s long-term value, and the company’s strategy.
how is he raising funds?
Why does he want 5%?