"If we begin staking, it will make @BitMNR one of the 800 most profitable companies in the US. At 3% APY 4,070,000 × 0.03 = 122,100 ETH / year That's a whopping $364.1M ETH in revenue per year. While microstrategy and others were betting on bitcoin's price to go up. Tom Lee's retarded ETH thesis can make Bitmine hundreds of millions of dollars just by staking their ETH."

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Bitmine added 127,000 ether for $207 million, bringing its treasury to 5.54 million ETH (4.59% of circulating supply) and nearing its "Alchemy of 5%" target, while Chairman Tom Lee declared the crypto selloff "superficial" and argued ETH prices shouldn't be pressured despite the 30% drop from April highs.

Bitmine added 127,000 ether for $207 million, bringing its treasury to 5.54 million ETH (4.59% of circulating supply) and nearing its "Alchemy of 5%" target, while Chairman Tom Lee declared the crypto selloff "superficial" and argued ETH prices shouldn't be pressured despite the 30% drop from April highs.

The Block ·

Crypto’s biggest bulls are sitting on a reported $22.5B in paper losses as Michael Saylor’s BTC is down $12.5B and Tom Lee’s ETH treasury over $10B after Ethereum plunged 25% in 10 days.

Crypto’s biggest bulls are sitting on a reported $22.5B in paper losses as Michael Saylor’s BTC is down $12.5B and Tom Lee’s ETH treasury over $10B after Ethereum plunged 25% in 10 days.

𝕏/@CoinDesk ·

Wallets likely tied to Tom Lee's BitMine receive 60,000 ETH from Kraken and BitGo

Wallets likely tied to Tom Lee's BitMine receive 60,000 ETH from Kraken and BitGo

𝕏/@lookonchain ·

Fundstrat’s Tom Lee says surging oil prices are Ethereum’s biggest macro headwind, with ETH facing record inverse correlation against crude markets

Fundstrat’s Tom Lee says surging oil prices are Ethereum’s biggest macro headwind, with ETH facing record inverse correlation against crude markets

CoinTelegraph ·

Ethereum Foundation finalized the terms of a 10,000 ETH sale at an average price of $2,387 via OTC, to Tom Lee's Bitmine

Ethereum Foundation finalized the terms of a 10,000 ETH sale at an average price of $2,387 via OTC, to Tom Lee's Bitmine

𝕏/@ethereumfndn ·

Tom Lee’s Bitmine uplists to NYSE, revealing 4.8M ETH holdings and expanding share buyback program to $4B in a major crypto-linked corporate treasury move

Tom Lee’s Bitmine uplists to NYSE, revealing 4.8M ETH holdings and expanding share buyback program to $4B in a major crypto-linked corporate treasury move

The Block ·

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