Tom Lee: "Crypto Mini-Winter" Nearing End, BitMine to Accelerate ETH Accumulation

Odaily News Bitmine Chairman Tom Lee stated that recent market signals indicate the crypto market may be approaching a cyclical bottom. Therefore, BitMine will slightly increase its average weekly purchase scale from approximately 45,000 to 50,000 ETH to accelerate accumulation. He described the current market as being in the late or final stage of the so-called "crypto mini-winter." Additionally, BitMine indicated that it currently has over 3 million ETH staked, generating annual revenue of about $174 million. If all holdings are staked in the future, the annualized earnings are expected to increase to approximately $259 million. (CoinDesk)