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

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