Overview

• As of Aug. 31, BitMine held approximately 1.87 million ETH and $635 million in cash, totaling $8.98 billion.
• The company published an investor presentation titled “the Alchemy of 5%” detailing its Ethereum-centered strategy.
• BitMine introduced a monthly video series, “The Chairman’s Message,” to explain its approach to ETH accumulation and staking.
• Fundstrat’s Tom Lee, who will host the series, called Ethereum one of the biggest macro trades over the next 10 to 15 years.
• BMNR shares were down about 2.9% to $42.37 on Tuesday as Ethereum traded near $4,276, lower by roughly 2.8% over 24 hours.