Michael Saylor's sale of 32 BTC was deemed a "classic market behavior" by Tom Lee, president of Bitmine Immersion. Lee stated this sale represented a tiny fraction of MicroStrategy's holdings and was pre-planned. He also noted that recent ETF outflows are typical of market cycles, not a sign of fundamental weakness.
Bitmine CEO Tom Lee stated he disagrees with Michael Saylor's "worrying" comments on Bitcoin sales, noting Saylor is only acting on previous statements and still holds 99.9% of his Bitcoin. Lee also dismissed concerns over ETF outflows, calling them typical "bottom-selling" during bear markets. Bitmine continues its Ethereum accumulation strategy, recently buying 26,000 ETH.
Bitmine Immersion Technologies acquired 26,497 ETH worth $52 million, with Chair Tom Lee stating the token's price doesn't reflect Ethereum's strengthening fundamentals. Lee believes crypto is undervalued during a 'crypto spring' and will be crucial for future commerce, identity verification, and tokenization.
Tom Lee's BitMine is facing significant paper losses on its Ethereum treasury, with current unrealized losses at $7.3 billion. The company continues to buy ETH despite a 57% price drop from its peak, with technicals suggesting a potential further 25% decline.
Bitmine Immersion Technologies a atteint un nouveau record en détenant 5,28 millions d'ETH, soit près de 4,37 % de l'offre totale. La société a ajouté 71 672 ETH à ses réserves la semaine dernière, portant son trésor total à 12,6 milliards de dollars.
Ether (ETH) experiences its worst monthly drop since Nov 2023, with analyst Tom Lee suggesting rising oil prices are the cause. Lee posits that institutional investors use ETH as an inflation hedge, selling it to offset losses when oil prices surge.
Bitmine Immersion Technologies chairman Tom Lee announced the company acquired 71,672 Ether for under $2,200, viewing the dip as an attractive opportunity. Bitmine aims to hold 5% of Ether's circulating supply.
BitMine Immersion Technologies acquired 71,672 ETH, valued at $151 million, as Ethereum's price fell 9% to around $2,108. The firm now holds nearly 5.28 million ETH, worth approximately $11.1 billion. Chairman Tom Lee cited the pullback as an attractive opportunity, despite a broader market downturn.
Tom Lee Calls The End Of Crypto Winter Once Again, BitMine Chair Says Ethereum Performing As 'Wartime' St Benzinga
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Tom Lee has also doubled down on the idea that the crypto spring has started and pointed to the Ether price rising in correlation with software stocks as further evidence.
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Ethereum treasury firm BitMine Immersion Technologies slowed its ETH purchase pace, adding just $62 million worth last week.
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Coinbase missed earnings, but one of its newest businesses is scaling incredibly fast—and Tom Lee may finally be slowing his Ethereum buying.
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Leading Ethereum treasury firm BitMine Immersion Technologies may start slowing its ETH purchases as it approaches its 5% supply goal.
BitMine yönetim kurulu başkanı Tom Lee, Miami’deki Consensus 2026 etkinliğinde kripto kışının sona erdiğini ve yeni boğa piyasasının başladığını iddia etti. Lee’ye göre Bitcoin, Ethereum, yapay zeka ve tokenizasyon, yeni döngünün ana hikayesini oluşturacak.
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BitMine'ın yönetim kurulu başkanı Tom Lee, kripto piyasasında "mini kış" döneminin sona erdiğini ve "kripto baharı" olarak tanımladığı yeni yükseliş döngüsünün başladığını iddia etti.
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Tom Lee's BitMine Immersion Technologies made its third straight weekly Ethereum buy above 100K ETH as the coin continues rising.
