Bitmine meets eligibility criteria for Russell 1000 inclusion

Bitmine said its crypto, cash, and strategic holdings now total $12.3 billion, led by 5.39 million ether tokens. The company is also expanding its staking strategy through MAVAN, its institutional ethereum validator network. BitMine Controls 4.47% of Ethereum Supply With $12.3B Asset Base Bitmine Immersion Technologies disclosed that its total crypto, cash and “moonshot” holdings […]

Bitmine's potential Russell 1000 inclusion could boost institutional investment, but its reliance on Ethereum's value poses significant risks. The post Bitmine meets eligibility criteria for Russell 1000 inclusion appeared first on Crypto Briefing.

BitMine Immersion Technologies made its largest Ethereum acquisition yet this year—just weeks after saying it might slow down its ETH buys.

Bitmine's rapid ETH accumulation could influence market dynamics, signaling potential shifts in crypto investment strategies and staking trends. The post Bitmine hits 89% of ETH ownership goal in under a year of accumulation appeared first on Crypto Briefing.

Strategy and BitMine pause crypto buying while firms accumulate $47M BTC amid mixed market trends and declining liquidity conditions weekly Corporate Bitcoin activity showed mixed trends during the latest weekly period. Some firms paused purchases while others continued accumulation. Despite a short-term slowdown in activity, market data showed that institutional activity remained steady. The overall […] The post Strategy and BitMine Pause Crypto Buying as Firms Add $47M in Bitcoin appeared first on Live Bitcoin News.

Bitmine's Tom Lee says the firm could be considered for the Russell 1000, and its stock may get a boost from active and passive fund managers.

Strategy and BitMine paused weekly buys as four public firms added 612 BTC worth $47.5m, while stablecoin liquidity fell $687m.

The Ethereum-buying firm owns 3.8% of the digital asset’s supply.