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Ethereum Daily
@ethereumdaily.eth
Ethereum Daily ~ August 12, 2025 💎 BitMine Files to Buy $20 Billion in ETH 🐣 Perps DEX "Extended" Goes Live on Starknet 🫡 Sigma Retires Blockprint + much more in the full newsletter below! https://paragraph.com/@ethereumdaily/ethereum-daily-august-12-2025
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Akins🌀🥚
@akins
Bitmine is a large corporation right?
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Ethereum Daily
@ethereumdaily.eth
They sure are now! :) Quick backstory is: - They were a Bitcoin miner but that’s a shitty business so they pivoted to being an Ethereum Treasury Company (think MicroStrategy but for ETH). They started that process just about a month ago and have already purchased over $4 billion in ETH and filed today for $20 billion. Their board chairman is a Wall Street legend named Tom Lee who took over as a part of the pivot away from BTC mining.
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