BitMine Just Bought Another 9,500 ETH as Tom Lee Backs Buterin’s Ethereum Vision

BitMine’s crypto, cash, and equity holdings fell to $14.3 billion, the lowest weekly total since mid-August, the company said Monday. Cash and marketable securities fell to $475 million, the seventh weekly drop in a row from $714 million on September 20. Besides Ether (ETH) and cash, the company held 216 Bitcoin (BTC), a $180 million stake in Beast Industries and a $75 million position in Eightco Holdings (ORBS). A week earlier, BitMine’s holdings totaled $14.5 billion, most of which was ETH, which the company marked at $2,234 per token using Coinbase prices, down from $2,261. Staking Yield Falls to 2.65% The company bought 9,587 ETH in the week to November 8, bringing its treasury to 6,070,092 tokens, a larger purchase than the 8,573 ETH BitMine added a week earlier.

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