Earlier this month, Bitmine raised roughly $274 million through the sale of 3.5 million shares of 9.50% Series A Perpetual Preferred Stock. The preferred shares, which trade on the New York Stock Exchange under the ticker BMNP, pay weekly cash dividends. Lee has argued that the company’s staking operation provides recurring cash flow to support […]
A debate on X over whether Fundstrat analysts are sending mixed signals on bitcoin intensified over the weekend, prompting a response from the firm’s co-founder that appeared to endorse a more nuanced explanation of the differing views. The discussion began after an X user known as “Heisenberg” (@Mr_Derivatives) shared screenshots that he said showed contrasting […]
Tom Lee, Head of Research at Fundstrat, recently spoke with CNBC, suggesting that the broader market may be nearing a bottom, potentially as soon as this week. Lee’s outlook comes amid economic uncertainty as President Trump navigates his first 100 days in office. Several factors are contributing to market volatility, including the Department of Government […]