Tom Lee’s BitMine Buys Another $79M Ethereum as BMNR Stock Rises
BitMine Immersion Technologies purchased 32,447 ETH for approximately $79 million, bringing its total holdings closer to its 5% supply goal.
Read articleBitMine Immersion Technologies purchased 32,447 ETH for approximately $79 million, bringing its total holdings closer to its 5% supply goal.
Strive acquired 1,110 Bitcoin last week, bringing its total treasury holdings above 21,000 BTC and pushing its shares up by over 11% in Monday morning trading.
The U.S. Treasury may utilize its $950 billion General Account to fund government bond buybacks, while the administration prepares new financial measures against Iran.
Strive expanded its Bitcoin holdings to 21,356 BTC after acquiring 1,110 coins for $81.5 million, while also increasing its cash balance and share count.
BitMine Immersion Technologies acquired 32,447 ETH for $81 million as Ethereum surpassed $2,500 during a market-wide rally, bringing the firm closer to its 5% supply target.
U.S. spot bitcoin and ether exchange-traded funds combined for $2.62 billion in net inflows during the week of August 17 to August 21, marking their strongest weekly performance since October 2025.
Bitcoin's price surged toward $80,000 on Monday following a robust week of U.S. exchange-traded fund inflows and shifts in macroeconomic conditions.
Major Wall Street firms argue that the US Treasury's expanded bond buyback program is too small to alter the trajectory of rising long-term yields.
Cardano's ADA token recently posted a weekly gain, prompting artificial intelligence models to debate whether a rally to $1 is achievable.
The Crypto Council for Innovation and the Blockchain Association have filed a lawsuit against Illinois officials over the state's 0.2% digital asset tax, arguing it violates constitutional laws.