Tom Lee: "Crypto mini winter" is nearing its end, BitMine will accelerate accumulation of ETH
According to Odaily, Bitmine Chairman Tom Lee stated that recent market signals indicate the crypto market may be approaching a cyclical bottom. As a result, BitMine has slightly increased its average weekly purchase volume to about 45,000 to 50,000 ETH to accelerate accumulation. He mentioned that the current market has entered the later or final stage of the so-called "crypto mini winter." In addition, BitMine revealed that it currently has more than 3 million ETH staked, generating approximately $174 million in annual revenue; if all holdings are staked in the future, the annualized revenue is expected to increase to about $259 million. (CoinDesk)
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