Tom Lee: Bitmine Currently Has No Debt, Recent Market Pullback Is "Highly Attractive"
According to Odaily, Tom Lee, Chairman of Bitmine, an Ethereum treasury company, posted on X that Bitmine has just updated its ETH and cash holdings. The company currently has no liabilities. Given the strengthening fundamentals of Ethereum, the recent market pullback is "extremely attractive." As of February 1, Bitmine has staked 2,897,459 ETH (about 67% of its total ETH holdings), an increase of 888,192 ETH from last week. The annual value of ETH staking rewards is expected to reach $374 million, equivalent to $1 million per day.
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