Bitcoin and Ethereum Network
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BitMine (BMNR) Engages Legendary Tom DeMark and DeMark Analytics, LLC as Strategic Advisor
Prnewswire· 2025-11-19 13:30
Core Insights - BitMine is the largest holder of Ethereum (ETH) globally, aiming to acquire 5% of the Ethereum network, which currently represents over 2.9% of the total supply [1][8] - The company has engaged Tom DeMark and DeMark Analytics as strategic advisors to enhance its ETH acquisition strategy using systematic and market analysis tools [1][2] - BitMine is supported by notable institutional investors, including ARK's Cathie Wood and Pantera, which strengthens its position in the market [1] Company Overview - BitMine Immersion Technologies focuses on accumulating cryptocurrencies for long-term investment, primarily through Bitcoin mining operations and capital raising transactions [1] - The company operates in low-cost energy regions, including Trinidad and Texas, to optimize its mining operations [1] Strategic Partnership - The collaboration with Tom DeMark is expected to leverage his DeMARK Indicators, which have a strong track record in predicting market movements in cryptocurrencies [1][2] - DeMark's expertise is anticipated to provide BitMine with a competitive edge in navigating the volatile crypto market [1][4] Market Position - BitMine's strategy to acquire hundreds of millions of dollars worth of ETH weekly positions it as a significant player in the Ethereum market [1] - The company's goal of reaching a 5% stake in ETH reflects its aggressive growth strategy and confidence in the long-term value of Ethereum [1][6]
BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 2.83 Million Tokens and Total Crypto and Cash Holdings of $13.4 Billion
Prnewswire· 2025-10-06 12:15
Core Insights - BitMine now owns over 2% of the total ETH token supply and aims to acquire 5% [1][2] - The company's total crypto, cash, and "moonshot" holdings amount to $13.4 billion, including 2.83 million ETH tokens and $456 million in cash [1][2] - BitMine is the largest ETH treasury globally and ranks second in total crypto treasury behind Strategy Inc [2] Company Performance - BitMine's stock is among the most traded in the US, with an average daily trading volume of $2.5 billion, ranking 28th among US-listed stocks [1][3] - The company is supported by prominent institutional investors, including ARK's Cathie Wood and Pantera [1][2] Strategic Focus - The company emphasizes the importance of Ethereum as a long-term investment, citing its reliability and potential for growth in the context of Wall Street and AI integration [2][3] - BitMine's strategy includes raising its crypto NAV per share and maintaining high trading liquidity [4] Market Context - The GENIUS Act and SEC's Project Crypto are expected to transform financial services significantly, similar to the impact of the end of the Bretton Woods system in 1971 [2] - The company believes that the macro trends of AI and crypto will drive substantial changes in the financial system over the next 10-15 years [3]