BMNR Stock: Tom Lee Says BitMine Does Not Need to Sell Ethereum
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6 Articles
Bitmine is consistently pursuing its multi-billion-dollar crypto strategy. Tom Lee sees potential for additional demand from institutional investors in the coming months. Source: BTC-ECHO
Bitmine consistently continues its billion-dollar crypto strategy. Tom Lee sees potential for additional demand in institutional investors in the coming months. Source: BTC-ECHO BTC-ECHO
Bitmine's Tom Lee Says Firm Is 100K ETH Away From Holding 5% Of Circulating Supply
BitcoinWorld Bitmine’s Tom Lee Says Firm Is 100K ETH Away From Holding 5% of Circulating Supply Tom Lee, chairman of Bitmine’s board, announced on X that the company’s Ethereum holdings have reached 5.9 million ETH, just 100,000 ETH shy of its target to control 5% of the cryptocurrency’s circulating supply. The disclosure follows Bitmine’s recent purchase of an additional 53,501 ETH last week, bringing its total to 5,901,112 ETH. What This […] T…
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BMNR Stock: Tom Lee Says BitMine Does Not Need to Sell Ethereum
The post BMNR Stock: Tom Lee Says BitMine Does Not Need to Sell Ethereum appeared first on Coinpedia Fintech News Tom Lee said BitMine does not need to sell its core Ethereum holdings because staking rewards already generate cash flow that covers preferred stock dividends. The company is focused on making its ETH productive rather than selling it. If BitMine reaches its 5% ownership target, it could sell staking rewards instead of adding more ET…
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