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BitMine Reveals 3.6 Million ETH, but Investors Question the Math

The post BitMine Reveals 3. 6 Million ETH, but Investors Question the Math appeared com. BitMine has disclosed one of the largest Ethereum treasuries ever recorded, 3. 63 million ETH. However, its stated average purchase price of $2,840 has sparked immediate pushback from analysts who claim the math does not add up. The update is significant because BitMine is now approaching its long-stated goal of acquiring 5% of all Ethereum, a threshold that Fundstrat has dubbed the “Alchemy of 5%.” Sponsored BitMine Discloses $11. 2 Billion in Crypto and Cash Holdings In an update on November 24, BitMine (BMNR) reported total holdings of $11. 2 billion across crypto, cash, and “moonshots.” The company holds 3, 629, 701 ETH, 192 BTC, a $38 million stake in Eightco Holdings, and $800 million in unencumbered cash. 🧵BitMine provided its latest holdings update for Nov 24th, 2025: $11. 8 billion in total crypto + “moonshots”:-3, 629, 701 ETH at $2,840 per ETH (@coinbase )- 192 Bitcoin (BTC)- $38 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and- unencumbered cash of $800.- Bitmine (NYSE-BMNR) TH (@BitMNR) November 24, 2025 According to BitMine, the 3. 63 million ETH was accumulated at an average price of roughly $2,840 per token. At current market levels above $2,900, the position would be slightly profitable. Ethereum (ETH) Price Performance. BitMine now has 3% of the ETH supply Two-thirds on the way to the ‘Alchemy of 5%’ 👏👏👏👏 Thomas (Tom) Lee (not drummer) FSInsight. com (@fundstrat) November 24, 2025 Sponsored Weekly Purchases Show Aggressive Accumulation BitMine also published its weekly ETH purchases, showing consistent and sizeable inflows throughout October and November. Period (Week ending) Quantity of ETH Purchased November 24 69, 822 ETH November 17 54, 156 ETH November 10 110, 288 ETH November 3 82, 353 ETH October 27 77, 055 ETH October 20 203, 826 ETH October 13 202, 037 ETH.

Tesla (TSLA) Stock: The $26 Billion Problem Nobody’s Talking About

TLDR Tesla shares fell 13% in November as retail investors continued buying during the decline A Delaware Supreme Court ruling on Musk’s 2018 pay package could trigger a $26 billion profit hit The potential charge equals more than half of Tesla’s total net income since becoming profitable in 2019 Tesla stock trades at 180 times [.] The post Tesla (TSLA) Stock: The $26 Billion Problem Nobody’s Talking About appeared first on Blockonomi.

Where was Maxton Hall – The World Between Us season 2 filmed? Complete guide to all filming locations and other production details

Maxton Hall The World Between Us season 2 returns to Amazon Prime Video on November 7, 2025. Ruby Bell and James Beaufort’s emotional and tragic adventure continues in this season.

FPL Customers Face $6.9 Billion Rate Increase in 4 Years as Regulators Approve Controversial ‘Settlement’

The Florida Public Service Commission approved a four-year settlement with Florida Power & Light Thursday for about $6. 9 billion, which opponents claim is the largest rate hike in U. S. history. FPL says that in 2026, its “typical” 1, 000-kWh residential customer bill in most of Florida will increase by $2. 50 a month, or about 2%, from the existing $134. 14 to $136. 64. There would be additional increases in 2027, 2028 and 2029. The post FPL Customers Face $6. 9 Billion Rate Increase in 4 Years as Regulators Approve Controversial ‘Settlement’ appeared first on FlaglerLive.

El Salvador Quietly Became the 5th Largest Bitcoin Holder

The post El Salvador Quietly Became the 5th Largest Bitcocom. El Salvador has added $100 million worth of Bitcoin to its national reserves over the past week, purchasing 1, 098 BTC amid declining market conditions. The Central American nation now holds 7, 474 Bitcoin valued at approximately $688 million, according to the country’s Bitcoin office. President Nayib Bukele shared details of the recent acquisition on social media, reaffirming his administration’s commitment to building cryptocurrency reserves. The government has implemented a daily purchasing strategy designed to accumulate digital assets gradually while minimizing exposure to price volatility. Strategic Accumulation Through Daily Purchases El Salvador adds one Bitcoin to its reserves each day as part of its long-term investment strategy. This approach allows the government to reduce its average acquisition cost through consistent buying during market downturns. Stacy Herbert, director of El Salvador’s Bitcoin Office, explained that the initiative aims to provide citizens with greater financial autonomy. The government wants to reduce dependence on traditional banking systems and encourage cryptocurrency adoption among its population. Most Salvadorans currently use the U. S. dollar for everyday transactions. El Salvador became the first country to adopt Bitcoin as legal tender in September 2021. However, public acceptance has progressed slowly. Many citizens remain hesitant about cryptocurrency use despite government incentives and educational programs. The International Monetary Fund has expressed concern about El Salvador’s Bitcoin holdings. The organization warned about potential financial risks associated with maintaining large cryptocurrency reserves. Nevertheless, President Bukele has dismissed these warnings and continued the accumulation strategy. Government Stays Steady While Market Declines Bitcoin prices fell below $90,000 this week, dropping nearly 5% in a single trading session. The decline triggered widespread selling among retail investors who had entered the market within recent months. At the time of.

Peter Schiff Calls Strategy’s Bitcoin Model a Fraud, Challenges Michael Saylor to Debate

TLDR Gold investor Peter Schiff labeled Strategy’s business model a “fraud” and challenged founder Michael Saylor to a debate in Dubai this December Schiff claims Strategy’s preferred shares offer yields that will never be paid, predicting a “death spiral” when fund managers realize this Bitcoin has dropped over 20% from its October all-time high above [.] The post Peter Schiff Calls Strategy’s Bitcoin Model a Fraud, Challenges Michael Saylor to Debate appeared first on CoinCentral.

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