Bitmine


Markets

ARK Invest Buys Another $15.3M Worth of Ether Strategy Firm BitMine Immersion

Cathie Wood's investment management firm added 477,498 BMNR shares across its Innovation and Next Generations Internet ETFs

Cathie Wood, CEO of ARK Invest, at Consensus 2024. (Suzanne Cordiero)

Markets

BitMine Immersion Sets Up to $1B Buyback as Share Price Cools

The Tom Lee-led company signaled an intent to possibly repurchase stock should the share value decline below the net asset value of its ether holdings.

Stock market price charts (Anne Nygård/Unsplash)

Markets

ARK Invest Buys the Dip on Ether Strategy Firm BitMine With $18.6M Purchase

Cathie Wood's investment firm added a total of 529,366 BMNR shares to its Innovation and Next Generations Internet ETFs

Ark Invest CEO Cathie Wood (Marco Bello/Getty Images, modified by CoinDesk)

Finance

Ark Invest Dumps $12M Coinbase Shares After Loading Up on Ether Treasury Firm Bitmine

It also sold 11,262 shares of Robinhood (HOOD), worth around $1.1 million based on Robinhood's last close.

Cathie Wood, CEO of ARK Invest, at Consensus 2024. (Suzanne Cordiero)

Markets

Ether Surges 4% as ETH Treasury Firm BitMine Steps Up Bid to Acquire 5% of Supply

BitMine reveals ETH holdings above $2 billion just 16 days after a $250 million raise, reinforcing its goal of acquiring 5% of ether's supply.

ETH rose 4.1% to $3,755 amid strong treasury accumulation

Markets

Bitmine's Tom Lee Predicts Ether Hitting $15K, With Ethereum Emerging as Wall Street's Favored Blockchain

Stablecoins brought a ChatGPT moment for crypto adoption, driving Wall Street demand for Ethereum, the Fundstrat co-founder and Bitmine chairman said in a CoinDesk interview.

Screenshot of Tom Lee on CoinDesk TV (CoinDesk)

Finance

BitMine's Ethereum Bet Tops $1B as ETH Strategy Accelerates

BitMine now holds over 300,000 ETH, including options, as part of an aggressive strategy to secure 5% of the token's supply.

A Holstein bull is tethered to a peg in the ground (Cvmontuy/Wikimedia Commons)

Markets

BitMine Immersion Surges 40% After Revealing $500M ETH Treasury

The shares rose over 40% after revealing the large ETH holdings, following a 50% drop after a $2 billion at-the-market offering.

Stock market price charts (Anne Nygård/Unsplash)

Markets

Tom Lee's Bitmine Surges 3,000% Since ETH Treasury Strategy, but Sharplink's Plunge Warrants Caution

Sharplink Gaming skyrocketed over 4,000% following its $450 million fundraising announcement, only to plunge 90% in the next few weeks.

Rocket (SpaceX/Unsplash)

Finance

Bit Digital Partners With BitMine to Host 7K ASIC Miners

BitMine will store the machines in immersion coolers for greater efficiency.

Cryptocurrency mining machines