Tom Lee: Bitmine Currently Has No Debt, Recent Market Pullback is "Extremely Attractive"

Odaily News Ethereum treasury company Bitmine's Chairman Tom Lee posted on the X platform stating that Bitmine has just updated its ETH and cash holdings. The company currently has no debt. Given the strengthening of Ethereum's fundamentals, the recent market pullback is "extremely attractive." As of February 1st, Bitmine has staked 2,897,459 ETH (approximately 67% of its total ETH holdings), an increase of 888,192 ETH from last week. The annual value of ETH staking rewards is estimated to reach $374 million, equivalent to $1 million per day.