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← Bankless24 Aug · 1 h 08 min

What's Next for Bitmine after 5% of ETH? | Chairman Tom Lee

What's Next for Bitmine after 5% of ETH? | Chairman Tom Lee24 Aug1 h 08 min

BitMine is within reach of owning 5% of ETH after more than 60 consecutive weeks of purchases, and Tom Lee believes the larger Ethereum trade may only be beginning. He joins David to explain how BitMine accumulated nearly 5% without debt, why it sometimes chooses stock buybacks over additional ETH, what happens when the target is reached, and whether the company would ever sell.

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