BitMine adds 24,000 ether, but warns accumulation may slow without shareholder approval [Yahoo! Finance]
Eightco Holdings Inc. (ORBS)
Company Research
Source: Yahoo! Finance
The firm added 24,266 ether (ETH) last week, lifting its holdings to 4,167,768 tokens as of Sunday. The purchase pushes BitMine's share of ether's circulating supply to 3.45%, with a goal to ultimately corner 5% of all tokens. Chairman Thomas Lee, in a statement on Monday, said that BitMine's ability to continue accumulating ETH depends on shareholder approval to authorize new equity issuance. Without it, the firm could be forced to slow its buying in the weeks ahead, he added. "We need to pursue this increase now as Bitmine is soon to exhaust its current 500 million authorization,"Lee said. "And when that happens, our ETH accumulation will slow." A shareholder vote will take place on Thursday. The proposal for the share increase requires the support 50.1% of all shares outstanding in order to proceed. "This is an extremely high bar and thus, makes it very difficult to get an authorized share increase," said Lee, who will speak at CoinDesk's Consensus Hong Kong next month.
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News
- Bitmine Now Holds 4.17 Million ETH, 3.45% Ethereum's Total Supply [Yahoo! Finance]Yahoo! Finance
- Hedge funds shareholders may be less affected by Eightco Holdings Inc.'s (NASDAQ:ORBS) pullback last week after a year of 5.0% returns [Yahoo! Finance]Yahoo! Finance
- Eightco Holdings announces multi-month lock-up extension of PIPE investors [Yahoo! Finance]Yahoo! Finance
- Bitmine Immersion adds 33,000 ETH, bringing total crypto and cash holdings above $14 billion [Yahoo! Finance]Yahoo! Finance
- Eightco ($ORBS) Announces Multi-Month Lock-Up Extension of Board, Management and 100% of PIPE Investors, Signaling Strong Conviction in Long-Term StrategyPR Newswire
ORBS
Sec Filings
- 1/5/26 - Form 8-K
- 1/5/26 - Form 4
- 1/5/26 - Form 4
- ORBS's page on the SEC website