Brind.

BitMine Immersion has been accumulating Ethereum tokens and holds the largest treasury, while Thomas Lee believes its future is tied to the Ethereum ecosystem.

53 reports, 18 independent Updated Sep 21
Mostly repetition Reached 11 outlets in its first 24 hours
Reports
53
Developments
17
Repetition
74%

New informationRepeats or wire copies

AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Well supportedReported by 18 independent outlets

BitMine Immersion has been accumulating Ethereum tokens and holds the largest treasury, while Thomas Lee believes its future is tied to the Ethereum ecosystem.

Who's involved

What this event is mainly about

How it developed

Newest first. Tap a step to see who reported it.
  1. Thomas Lee stated that BitMine Immersion has been acquiring Ethereum tokens on a weekly basis.1 source
  2. BitMine Immersion buys significant Ethereum reserves and launches a large share repurchase program.1 source
  3. BitMine Immersion's leadership and Ethereum strategy are under pressure from regulatory bodies and political demands.1 source
  4. Accumulation of Ethereum tokens is now reported to be driving company value and revenue.1 source
  5. BitMine Immersion confirmed its ETH treasury focus and noted holding a small amount of BTC.1 source
  6. Multiple investors, including Peter Thiel and Cathie Wood, acquired stakes in BitMine Immersion Technologies, an Ethereum treasury company.Sub-event
  7. Cathie Wood and ARK Invest have invested over $300 million in BitMine Immersion.Sub-event
  8. Analysts Tom Lee and Mark Newton provided valuations and technical views on Ethereum, comparing its value to Bitcoin ratios.Sub-event
Show 9 earlier steps
  1. BitMine Immersion accumulates Ethereum tokens and holds the largest treasury, supported by expert opinion.1 source
  2. BMNR commits to ETH as primary treasury reserve asset; Tom Lee named chairman.1 source
  3. BitMine filed with the SEC and named Tom Lee chairman, planning to use stock funds to acquire Ethereum.1 source
  4. Acquisition of Ethereum coins boosted BitMine Immersion's stock sentiment.1 source
  5. BitMine Immersion pivots its treasury to ETH and secures $15M investment from Cathie Wood.1 source
  6. BitMine Immersion's Ethereum adoption strategy is assessed to align with long-term upside.1 source
  7. Specific holding amount of ETH confirmed for BitMine Immersion.1 source
  8. Tom Lee appointed chairman of BitMine Immersion, which is pursuing an Ethereum treasury strategy and comparing its path to Bitcoin.
  9. BitMine secured major investors (Founders Fund, Kraken) and chose Ethereum over Bitcoin for its treasury.

Keep exploring

The entities involved

Related events

Coverage

Newest first; wire copies grouped
  • yahoo.com
  • foreignpolicyjournal.com
  • fool.com
  • aol.com
  • yahoo.com
  • yahoo.com
  • insidermonkey.comBitmine (BMNR) Jumps 13% on More ETH Buy, Ahead of Clarity Act Vote
  • benzinga.comBitMine Nearing Inflection Point as Ethereum Buying Nears Key Target - BitMine Immersion (NYSE:BMNR)
  • cointelegraph.com
  • yahoo.com
  • Insider MonkeyBitmine (BMNR) Soars Anew as ETH Treasuru Raises to $8.3 Billion We recently published 10 Stocks Leaving the Market in the Dust. Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) is one of the
  • CryptonewsBitmine Stacks Fresh $358M Worth ETH From Galaxy, FalconX – ETH Supply Squeeze Incoming? Arkham data revealed that the largest Ethereum corporate holder, Bitmine, scooped a fresh 80,325 ETH on Thursd
  • decryptBitMine Boosts Ethereum Stash Above $8 Billion, Now Holds 1.5% of ETH Supply BitMine Immersion Technologies recently purchased 153,000 Ethereum, taking a $655 million step toward its goal of owning 5
  • ZacksBest-Performing Leveraged ETFs of August The S&P 500 logged its fourth successive month of gains to close out August. Even after the late last-week retreat, stocks managed to post gains for August. T
  • decryptBitMine Ethereum Stash Nears $8 Billion After ETH Hits All-Time High BitMine Immersion Technologies' Ethereum treasury neared $8 billion after the firm added almost $900 million in ETH to its holding
  • CryptonewsTom Lee Calls ETH Bottom ‘In Next Few Hours’ as BitMine Doubles Down with $21M Buy Fundstrat’s Tom Lee made his boldest Ethereum prediction yet, calling for Ether’s bottom to arrive within hours as B
  • ZacksHow Ethereum Treasury Companies are Following the BTC Playbook “A journey of a thousand miles begins with a single step.” ~ Lao Tzu Did you know that, since its inception, Bitcoin has been the best-
  • decryptBitMine Adds $1.7 Billion in Ethereum, Now Second Behind Strategy in Crypto Treasury Rankings BitMine Immersion Technologies added $1.7 billion or more than 373,000 Ethereum to its treasury last week
  • BenzingaBitMine's Crypto Holdings Surpass 1.52 Million ETH To Become Second-Biggest Crypto Treasury BitMine Immersion Technologies (AMEX:BMNR) disclosed that its crypto holdings have exceeded $6.61 billion,
  • Yahoo FinanceEthereum surges to near record as investors bet on 'biggest macro trade' of the next decade Ethereum (ETH-USD) prices rose to near record levels as Wall Street grows increasingly bullish on the crypt
  • Insider MonkeyBitmine (BMNR) $20-Billion Fundraising Sends Shares Jumping by 14% We recently published 10 Stocks on Euphoria. Are You Holding Any? Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) is one of
  • Motley FoolWhy Bitmine Immersion Technologies Stock Is Soaring Today Bitmine stock rocketed higher earlier in today's trading, but it's given up some of its gains. The company's share price is up today thanks t
  • decryptMorning Minute: ETH Soars as BMNR Files to Buy $25B Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those
  • Motley FoolWhy Ethereum Is Rising Today Ethereum is climbing today on news that BitMine Immersion Technologies is poised to significantly increase its holdings in the token. BitMine has increased its total stoc
  • Insider MonkeyBitmine (BMNR) Soars 14.68% on New $5-Billion ETH Treasury We recently published Wall Street Shockers: 10 Stocks on Fire. Bitmine Immersion Technologies Inc. (NYSEAmerican:BMNR) is one of the best-pe
  • Investing.comBitMine stock soars as ETH holdings reach $4.96 billion Investing.com -- BitMine Immersion (NASDAQ:IMMR) stock soared 12% Monday morning after the company announced that its Ethereum holdings have ex
  • decryptBitMine's Ethereum Stash Nears $5 Billion After Largest ETH Buy Yet BitMine Immersion Technologies’ Ethereum holdings were valued at nearly $5 billion on Monday, as the treasury firm said that it now
  • Insider MonkeyBitmine (BMNR) Soars 24% on Easy $423-Million Unrealized Gain From ETH’s Jump to $4K Level We recently published 10 Stocks with Eye-Popping Gains; 5 Jump to New Highs. Bitmine Immersion Technologies,
  • Insider MonkeyBitmine Immersion (BMNR) Jumps 6.97% on $3-Billion ETH Acquisition We recently published 10 Stocks With Surprising Gains Amid Market Meltdown. Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR)
  • Insider MonkeyBitmine (BMNR) Jumps 15% on Becoming Largest ETH Holder We recently published 10 Stocks With Easy 15-30% Upside. Bitmine Immersion Technologies Inc. (NYSEAmerican:BMNR) is one of the best-performing
  • BarchartBitMine Immersion Just Announced a $1 Billion Share Repurchase Plan. How Should You Play the Bitcoin Treasury Stock Here? Bitmine Immersion Technologies (BMNR) is in focus today after the Ethereum (E
  • TheStreetCathie Wood buys $15 million of market's hottest tech stock Cathie Wood buys $15 million of market's hottest tech stock originally appeared on TheStreet. Cathie Wood's investment management firm ARK
  • CoinDeskBitMine Immersion Sets Up to $1B Buyback as Share Price Cools Ether treasury firm BitMine Immersion Technologies (BMNR) has said it will repurchase up to $1 billion of its outstanding shares as part
  • CoinDeskEther Surges 4% as ETH Treasury Firm BitMine Steps Up Bid to Acquire 5% of Supply Ether extended its rally Thursday after BitMine Immersion Technologies (BMNR) announced that its holdings of the seco
  • CoinDeskBitMine's Ethereum Bet Tops $1B as ETH Strategy Accelerates Bitmine Immersion Technologies (BMNR), the ether (ETH) treasury strategy firm led by Fundstrat's Thomas Lee, has amassed more than $1 billi
  • Unknown outlet
  • Unknown outlet
  • Unknown outlet
  • Unknown outlet
  • Unknown outlet
13 more outlets ran the same wire story