Tom Lee Calls the Bottom: Why Bitmine Just Bought Another 61,000 ETH
Share:
BitMine bought ~61,000 ETH in the past week, increasing its treasury to nearly 4.6 million ETH — a major institutional crypto accumulation that may support ETH token performance and affect market supply. BitMine also added $80M to existing moonshot exposure by funding Eightco, enabling Eightco’s $50M purchase of OpenAI equity and making BitMine the only publicly listed firm offering direct investor exposure to OpenAI, signaling diversification, fundraising activity, and broader adoption beyond DeFi/CEX contexts.
Predictions Markets
See what traders are focused on
The Tom Lee-chaired former Bitcoin mining giant has announced the acquisition of almost 61,000 ETH in the past week, which has pushed its total stash to nearly 4.6 million tokens.
In addition, BitMine said it increased its investment in existing ‘moonshot’ exposures such as Eightco by an additional $80 million to support the latter’s $50 million purchase of OpenAI equity, making it the only publicly listed entity to give investors direct exposure to the company behind ChatGPT.
In This News
Coins
$ 64.18K
+1.51%
$ 1.79K
+2.80%
$ 0.102
+2.14%
$ 1.79K
+2.76%Funds
Predictions Markets
See what traders are focused on
Share:
In This News
Coins
$ 64.18K
+1.51%$ 1.79K
+2.80%$ 0.102
+2.14%$ 1.79K
+2.76%Funds
Predictions Markets
See what traders are focused on
Share:
Read More
Bitcoin Reclaims $64K Despite Strategy’s New Sale and Resumed US-Iran Strikes: Weekly Recap
