· bitmine (bmnr) switched tracks, hard. The company raised $250 million in a private round backed by … Ethereum is getting a boost from the rise in stablecoins and crypto-friendly legislation. Bitmine immersion technologies on monday said it is now the largest publicly traded holder of ether (eth) in the world. · the move follows the path of bitcoin treasury companies like michael saylors strategy. · ethereums dominance in stablecoin infrastructure is a key driver of bmnrs strategy. · tom lee has been appointed chairman of the board of directors of bitcoin miner bitmine immersion technologies, effective monday. · bitmine is pursuing a strategy of accumulating eth and participating in the ethereum ecosystem. · with a 9. 1% stake from billionaire peter thiel—found through his venture capital firm, founders fund—bitmine is positioning itself as the ethereum analog to microstrategys … Over half of all stablecoins—digital currencies pegged to fiat like the dollar—operate on … · bitmine, which said it ranks third among global crypto treasuries overall, following strategy (mstr) and mara holdings (mara), aims to acquire up to 5% of the total eth supply. · bitmines aggressive ethereum accumulation reshapes market dynamics, impacting fintech startups and raising governance concerns in the crypto ecosystem. Bitmine’s leadership said it ultimately seeks to corner 5% of the total eth … Let’s break down what … The las vegas-based company reported eth holdings exceeding … · bitmine immersion technologies, a publicly listed bitcoin miner, has made a strategic pivot, adopting ethereum’s native token, ether (eth), as its primary treasury asset. · bitmine immersion technologies is pivoting from bitcoin mining to building an ethereum-focused treasury. Bitmine announced a $250 million private …