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NEUTRAL 35 Unchained 6D ago · 3 min read 3 reads

Bitmine buys 10,452 ETH but holdings value falls to $15 billion

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AI summary

Bitmine, the ETH treasury company led by Tom Lee, saw its holdings value fall to $15 billion even after buying 10,452 ETH. The firm is now roughly 58,000 ETH short of its 5% supply target and spent about $46 million on its own stock last week. Traders watching corporate ETH accumulation will note the buying continues but the position remains below the stated goal.

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Narrative history
18 linked stories · 8 outlets · since 12 Oct
  1. 25M AGO
    Bitmine Hits 99% of Ether Goal as Tom Lee Downplays Impact of $6.3B Binance Hack
    Bitcoin.com News · Score 45 · via Bitmine, Tom
  2. 1H AGO
    Bitmine Slows to 8,573 ETH Buy as Tom Lee Downplays Binance Hack
    Unchained · Score 45 · via Bitmine, $15B
  3. 2H AGO
    BitMine’s ETH stash reaches 6.06 million as Tom Lee says bull market still alive
    CryptoPotato · Score 55 · via Lee bull, Lee
  4. 26 OCT · 17:13
    You’re reading this
    Bitmine buys 10,452 ETH but holdings value falls to $15 billion
    Unchained · Score 35
  5. 26 OCT · 16:05
    Tom Lee’s Bitmine favors share buybacks to ether purchases as crypto declines
    CoinDesk · Score 35 · via Bitmine, Lee
  6. 26 OCT · 14:12
    Tom Lee says crypto bull market underway as Bitmine adds 10,452 ETH
    The Block · Score 35 · via 10,452, 10,452 ETH
  7. 26 OCT · 13:50
    Bitmine adds 10,452 ETH as share buybacks approach $400M
    crypto.news · Score 55 · via 10,452, 10,452 ETH
  8. 23 OCT · 02:05
    Tom Lee: yields below 5% signal the AI selloff is nearly over
    BeInCrypto · Score 25 · via Tom, Lee
  9. 22 OCT · 12:30
    Tom Lee Says Bitmine Will Stop Buying ETH at 5% of Supply
    Bitcoin.com News · Score 45 · via Bitmine, 5% Supply
  10. 20 OCT · 05:14
    Tom Lee says chip selloff spillover into crypto is a buying opportunity
    BeInCrypto · Score 25 · via Lee, Tom
  11. 19 OCT · 17:55
    BitMine buys 12535 ETH as Tom Lee blames macro and tech headwinds
    CryptoPotato · Score 25 · via Lee, BitMine
  12. 19 OCT · 17:55
    Bitmine adds ether as Tom Lee pins crypto dip on AI fears
    Bitcoin.com News · Score 45 · via Bitmine, Bitmine adds
  13. 19 OCT · 15:13
    Bitmine adds $30 million in Ethereum as its buying nears the finish line
    Decrypt · Score 45 · via Bitmine, Lee
  14. 19 OCT · 13:36
    Bitmine buys 12535 ETH, lifting treasury to 6.04 million tokens
    The Block · Score 45 · via 12535, 12535 ETH
  15. 19 OCT · 05:55
    Tom Lee calls stock selloff a buying chance for crypto and chip stocks
    BeInCrypto · Score 25 · via Tom, Lee
  16. 14 OCT · 01:28
    Tom Lee says AI is in 1997 phase, not 1999, with bubble peak possibly 2033
    BeInCrypto · Score 15 · via Tom, Lee
  17. 12 OCT · 15:27
    Tom Lee predicts $2 trillion wealth transfer will drive crypto demand as Bitmine adds ether
    CoinDesk · Score 47 · via Bitmine adds, Bitmine
  18. 12 OCT · 13:43
    Bitmine buys 12532 ETH as Tom Lee calls coming crypto bull market the largest ever
    The Block · Score 47 · via Bitmine, Lee
  19. 12 OCT · 13:33
    Bitmine adds $32M in Ethereum as Tom Lee says firm nearly done stacking
    Decrypt · Score 42 · via Bitmine adds, Lee
Most read · 72h