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Tom Lee has been appointed chairman on the board of directors for Bitmine, a Bitcoin miner.
Today they announced a $250M private placement to implement buying Ethereum for their $ETH treasury. $BMNR, the public stock for Bitmine, is up 48% in the pre-markets. Tom Lee: “Stablecoins have proven to be the ‘ChatGPT’ of crypto, leading to rapid adoption by consumers, merchants and financial services providers,” Lee said in a statement. “Ethereum is the blockchain where the majority of stablecoin payments are transacted and thus, ETH should benefit from this growth.” Source: @amitisinvesting on X
BREAKING: US Federal Housing Finance Agency orders Fannie Mae and Freddie Mac to count Bitcoin & crypto as an asset when assessing mortgage eligibility.
Source: Bitcoin Archive @BTC_Archive
Market cap:
Circle: $72 billion Coinbase: $78 billion Coinbase receives 50% of Circle's revenue. Source: Brew Markets @brewmarkets
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