BitMine boosts ETH stash by 12,532 as Tom Lee eyes record rally. 84% staked, $336M yearly revenue.

If this is accurate, I actually prefer it. Taking a majority stake in #eBay and being named CEO would give Ryan Cohen the ability to work his magic, without overextending #GameStop’s capital $GME $EBAY

If these rumors are true, I actually prefer #GameStop taking a majority stake in #eBay rather than acquiring in the company outright, especially if Ryan Cohen is named CEO. I actually think it would be much more beneficial to GameStop shareholders $GME $EBAY

🚨 Bitmine Adds 12,532 ETH #Bitmine’s Ethereum holdings reached 6.03 million ethereum:native , representing over 4.9% of total supply, as Tom Lee predicts $BMNR will outperform the next crypto bull market. 🔗 Know more in comments

Last week’s treasury data revealed that two major companies had one buy and one loss—but the more critical development is that one of ETH’s largest buyers is about to stop purchasing. Last week, Strategy bought another 250 BTC at an average price of $86,194, bringing its total holdings to 848,000 BTC, with a paper profit of 10.2%. Meanwhile, Bitmine purchased 12,532 ETH last week, but still holds a paper loss of 23.8%. The real headline lies ahead: Tom Lee stated at TOKEN2049 that Bitmine will cease ETH purchases once its holdings reach 5%. Currently, it’s just 77,442 ETH away from that target—and at the current pace, it will reach the limit in about a month. In other words, one of the most reliable ETH buying forces in the market will disappear next month. The upcoming support for ETH may need to be reassessed. #Cryptocurrency #BTC #ETH #Treasury

JUST IN: BitMine, Tom Lee’s company, purchased an additional 12,532 ETH in one week, approximately $32 million. It now holds 6.03 million ETH, or 4.9% of the total supply. Public goal: 5%.

Digital asset treasuries (DATs) are stocking up on crypto this morning. - BitMine (BMNR): Added 12,532 ETH, bringing its holdings to 6.03 million ETH. - Strategy (MSTR): Purchased another 250 BTC for $21.5 million, bringing its total to 848,250 BTC. - DeFi Development Corp. (DFDV): Added approximately 22,070 SOL and SOL equivalents, bringing its treasury to 2.59 million SOL.

BitMine increased its total holdings to 6,028,946 ETH through purchases of 12,532 ETH in the past week. The company’s holdings now represent approximately 4.9% of the total Ethereum supply. Management announced that the buying process has been largely completed.

$BMNR MNAV = 0.95 NAV per share = $25.95 $BMNR $24.78 $ETH $2,545

🤔💭Larry Cheng replying “Can’t argue with that!” to “Growth equity > everything else” on Oct. 10th gets my attention. 👀 Especially after putting growth equity over venture capital plus balance sheet over income statement in his own post. Larry is getting real specific about what he likes. 😂 Growth equity is ownership in established businesses with room to expand. Pair the philosophy with $GME’s capital-allocation direction, Bitcoin exposure, public-equity investing plus financing capacity, then my Teddy-as-Berkshire folder gets another page. 🧸 Could Larry simply be talking his own investment book? Absolutely. I’m watching what $GME does with the balance sheet next. A squeeze can move the stock. Owning growing businesses can change what the company is. 👀