BitMine Just Bought Another 9,500 ETH as Tom Lee Backs Buterin’s Ethereum Vision
💰 BitMine's total crypto, cash, and equity holdings dropped to $14.3 billion, marking the lowest level since mid-August, with cash and marketable securities falling to $475 million.
📉 The company staked 5,227,037 ETH, representing 86% of its treasury, while the annualized staking revenue is projected at $309 million based on a yield of 2.65%.
🌟 Chairman Tom Lee highlighted Ethereum co-founder Vitalik Buterin's recent comments on ETH as a store of value, suggesting a significant shift in how ETH could capture value in future markets.
💰 BitMine's total crypto, cash, and equity holdings dropped to $14.3 billion, marking the lowest level since mid-August, with cash and marketable securities falling to $475 million.
📉 The company staked 5,227,037 ETH, representing 86% of its treasury, while the annualized staking revenue is projected at $309 million based on a yield of 2.65%.
🌟 Chairman Tom Lee highlighted Ethereum co-founder Vitalik Buterin's recent comments on ETH as a store of value, suggesting a significant shift in how ETH could capture value in future markets.