The alchemy of 5% of ETH | NYSE | Thomas (“Tom”) Lee Chairman @fundstrat
Aug 4 • 6 tweets • 2 min read
🧵 1/ It has been 1-month since BitMine launched ETH Treasury strategy.
2 milestones announced today:
- BMNR now owns 833,137 ETH valued at $2.95 billion
- Bill Miller III announced he has taken a major stake in BMNR
Ticker: $BMNRprnewswire.com/news-releases/…2/ BitMine is largest ETH Treasury in the world and also now 3rd largest crypto treasury stock:
- only Microstrategy $MSTR and Mara $MARA hold more crypto
BitMine accomplished this in 35 days
@saylor
Ticker: $BMNR
Jul 29 • 4 tweets • 2 min read
🧵 1/ Bitmine is today announcing a $1 billion stock repurchase program.
Per Tom Lee @fundstrat, Chairman of Bitmine:
“In our road to achieving ‘the alchemy of 5%’ of ETH, there may be times when the best expected return of our capital is to acquire our own shares”
ticker: $BMNR
link 🔗 prnewswire.com/news-releases/…2/ As of July 28th, Bitmine disclosed:
- ETH tokens 625,000
- BTC coins 192
- unencumbered cash $401.4 million
= Total assets $2.77 billion
Fully diluted common shares outstanding: 121.7 million
BMNR NAV per share: $22.77
