BitMine Buys Another 20,000 ETH Via FalconX After Reaching 4.66% of Ethereum Supply
On-chain data indicated that BitMine bought another 20,000 Ether, worth about $35.9 million, through FalconX, with a newly created wallet likely tied to the company receiving the tokens. The transfer follows BitMine's disclosure earlier this week that it had purchased 76,881 ETH over the prior week, taking its holdings to 5,620,754 ETH, or about 4.66% of Ethereum's total supply.
If the FalconX transfer is part of BitMine's treasury, its Ether balance would rise to roughly 5.64 million ETH. The additional purchase extends the strategy behind BitMine's recently launched BMNP preferred stock, which Tom Lee has said is supported by staking yields on the company's Ether holdings.
From the sources (14 posts)
@lookonchainTom Lee(@fundstrat)'s #Bitmine bought another 76,881 $ETH($135.62M) last week and now holds 5,620,754 $ETH($9.92B). The average cost is ~$3,450. At current prices, this position is down over $9.5B.
@kalshi_cryptoJUST IN: Tom Lee's 'BitMine' buys $135M worth of Ethereum
@wublockchainBitMine Adds 76,881 ETH in One Week, Holdings Reach 5.62 Million ETH BitMine added 76,881 ETH over the past week, bringing its total holdings to 5.62 million ETH, or approximately 4.66% of Ethereum’s total supply. According to the company,
@coinmarketcapJUST IN: 💰 BitMine bought 76,881 ETH over the past week and now holds 5,620,754 ETH, representing 4.66% of the total Ethereum supply.
@cointelegraph⚡️ JUST IN: Bitmine added 76,881 ETH over the past week. The company now holds 5.62M $ETH.
@coindeskLATEST: @BitMNR purchases 76,881 $ETH, bringing total holdings to 5.62M ETH, equal to 4.66% of circulating supply. Total crypto and cash holdings: $10.4B .
@coinmarketcapLATEST: 💰 "Bitmine has staked more ETH than other entities in the world," says Tom Lee, with the firm now staking 4,718,677 ETH.
@theblockcoTom Lee sees ‘early stages of crypto spring’ as Bitmine buys another 76,881 ETH
@arkhamTOM LEE JUST BOUGHT $135 MILLION OF ETH
@arkhamTom Lee’s Bitmine purchased a total of $135.0M of ETH over the past week. They now hold 4.66% of the total Ethereum supply. Bitmine’s ETH stack is currently worth $10.09 BILLION. They need to purchase $742.15M of ETH in order to hit 5%. At
@laurashinMost treasury companies slow down near their target. BitMine is closing in on 5% of all ETH ever — and just bought another $136M anyway 🔥 Tom Lee's reasoning: staking yields cover the dividends. The preferred stock just launched on NYSE a
@lookonchainTom Lee(@fundstrat)'s #Bitmine bought another 20,000 $ETH($35.85M) from #FalconX 5 hours ago.
@cointelegraph🔥 BULLISH: Tom Lee's Bitmine bought another 20,000 $ETH worth $35.85M via FalconX.
@onchainlensA newly created wallet received 20,000 $ETH worth $35.86M from #FalconX, likely belonging to #Bitmine. Address: 0xE9fCE031b15B3B8e2E357c8a7daDeBDA8C60B6C9