BitMine's Tom Lee bought more cryptocurrencies than Strategy's Saylor did in the past week as institutional adoption continues to grow.
BitMine's Tom Lee bought more cryptocurrencies than Strategy's Saylor did in the past week as institutional adoption continues to grow.Tom Lee, the cofounder of the world’s largest Ethereum treasury, has continued to aggressively stack up on Ethereum, purchasing more tokens than Strategy’s Bitcoin purchases this week.
provided by Arkham intelligence platform shows that Tom Lee purchased about $140.74 million worth of ETH over the past week to further boost BitMine’s holdings. With this massive purchase, Tom Lee has outpaced Strategy’s Saylor for the first time as the purchase surpasses the $75 million Bitcoin acquisition recorded this week by Michael Saylor, the executive chairman of leading asset management firm Strategy.Why Bitcoin's Bollinger Bands Point to $84,000 BTC as Next Price Target, Binance Rolls Out New AI Product for Trading Crypto, XRP Popularity Finally Brings Ripple USD Stablecoin to Korea: Morning Crypto Reportaccumulation made last week, BitMine’s Ethereum holdings have now reached about $10.03 billion, as the firm retains its dominance across the Ethereum treasury market.Apart from its aggressive Ethereum accumulation, BitMine has also continued to double down on its Ethereum stake as it has recently staked $200 million worth of ETH. This allows BitMine to expand its holdings by earning rewards while contributing to network validation.The firm has also surpassed Strategy in various crypto-holding ratios, as Saylor’s Strategy currently holds about 3.63% of Bitcoin's total supply of 21 million tokens.continues its steady Ethereum accumulation, it may achieve 4% of ETH’s supply soon, as it would only need to purchase about $359 million more in ETH to reach the 4% mark.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Michael Saylor signals BTC buy as Strategy's stack slips 10% into the redThe most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more
Read more »
Ethereum news: Bitmine (BMNR) buys 65,341 ETH worth $138 million betting on crypto slump endingThe Ethereum treasury firm led by Thomas Lee now has increased its buying pace for three consecutive weeks even as unrealized losses mount.
Read more »
Strategy news: MSTR acquired 1,031 bitcoin last week at average price of $74,326 each.Led by Executive Chairman Michael Saylor, Strategy acquired 1,031 bitcoin, bringing holdings to 762,099 coins.
Read more »
Michael Saylor's Strategy (MSTR) renews $42 billion BTC buying plansExpanded share issuance plans and new Wall Street partners boost capital raising firepower.
Read more »
'How Did You Manage That?': Peter Schiff Trolls Michael Saylor Over 4.5% Bitcoin Loss and $44 Billion PlansAs Michael Saylor's Strategy hits 762,099 BTC, Peter Schiff mocks a "losing" 4.5% weekly trade. But with new SEC filings opening a massive $44.1 billion liquidity channel through STRC and STRK, is Saylor building an unstoppable Bitcoin machine?
Read more »
Bitmine chair sees ‘mini-crypto winter’ thaw for ETH as it hits 77% of goalThe most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more
Read more »