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Finance
Ethereum Foundation Completes Sale of 10,000 Ether to BitMine as Part of Treasury Strategy
The Ethereum Foundation has concluded the sale of 10,000 ether to BitMine, a company led by Tom Lee, in an over-the-counter transaction. The sale was finalized at an average price of $2,292.15 per token, resulting in proceeds of around $22.9 million. This transaction follows a previous sale in March, in which the foundation sold 5,000 ETH to BitMine at approximately $2,042 per token, raising arou…
May 1, 2026, 6:16 p.m.
Finance
Ethereum Foundation Completes Sale of 10,000 Ether to BitMine as Part of Treasury Strategy
The Ethereum Foundation has concluded the sale of 10,000 ether to BitMine, a company led by Tom Lee, in an over-the-counter transaction, marking the continuation of its treasury sales for the year. The sale was finalized at an average price of $2,292.15 per token, resulting in proceeds of roughly $22.9 million. This transaction follows a previous sale in March, where the foundation sold 5,000 ETH…
May 1, 2026, 6:16 p.m.
Finance
Ethereum Foundation Completes Sale of 10,000 Ether to BitMine as Part of Treasury Strategy
The Ethereum Foundation has finalized the sale of an additional 10,000 ether to BitMine, a company led by Tom Lee, in an over-the-counter transaction. The sale was made at an average price of $2,292.15 per token, resulting in proceeds of around $22.9 million. This transaction follows a pattern of treasury sales by the foundation this year, with the proceeds intended to support core operations, in…
May 1, 2026, 6:16 p.m.
Finance
Tether Reports $1.04 Billion Quarterly Profit, Boosts Reserve Buffer to $8.23 Billion
Tether, the entity behind the most valuable stablecoin, has disclosed a net profit of $1.04 billion for the first quarter, accompanied by a notable increase in its reserve buffer to $8.23 billion. The company did not provide comparative figures for the previous year or the last quarter, but it did announce a net profit exceeding $10 billion for the entirety of 2025. As of March 31, the total valu…
May 1, 2026, 4:23 p.m.
Finance
Tether Reports $1.04 Billion Quarterly Profit with $8.23 Billion in Reserve
Tether, the leading stablecoin issuer, has announced a net profit of $1.04 billion for the first quarter, accompanied by a record excess reserve of $8.23 billion. The company did not disclose comparative figures for the previous year or the last quarter but reported a net profit exceeding $10 billion for the entirety of 2025. As of March 31, the total liabilities related to its USDT token remaine…
May 1, 2026, 4:23 p.m.
Finance
Tether Reports $1.04 Billion Quarterly Profit, Boosts Reserve Fund to $8.23 Billion
Tether, the leading stablecoin issuer, has announced a net profit of $1.04 billion for the first quarter, accompanied by a significant increase in its reserve buffer to $8.23 billion. The company did not release comparative figures for the previous year or quarter but reported a net profit exceeding $10 billion for the entirety of 2025. As of March 31, the total value of USDT in circulation remai…
May 1, 2026, 4:23 p.m.
Finance
Tether Reports Q1 Profit of $1.04 Billion, Boosts Reserve Buffer to $8.23 Billion
Tether, the leading stablecoin issuer by market capitalization, announced a net profit of $1.04 billion for the first quarter, accompanied by a record increase in excess reserves to $8.23 billion. The company did not disclose comparative figures for the previous year or the fourth quarter, but it did report a net profit exceeding $10 billion for the entirety of 2025. As of March 31, the total lia…
May 1, 2026, 4:23 p.m.
Finance
Tether Reports $1.04 Billion Quarterly Profit with $8.23 Billion in Reserve
Tether, the entity behind the most valuable stablecoin, has disclosed a first-quarter net profit of $1.04 billion, accompanied by a substantial increase in excess reserves to $8.23 billion. The figures underscore the company's robust financial performance. Notably, the firm's net profit exceeded $10 billion for the entirety of 2025. As of March 31, the total value of the USDT stablecoin in circul…
May 1, 2026, 4:23 p.m.
Finance
Tether Reports $1.04 Billion Quarterly Profit, Boosts Reserve Fund to $8.23 Billion
Tether, the entity behind the most valuable stablecoin, has announced a net profit of $1.04 billion for the first quarter, accompanied by a notable increase in its excess reserves to $8.23 billion. The company did not release comparative figures for the previous year or the last quarter, but it did report a net profit exceeding $10 billion for the entirety of 2025. As of March 31, the total liabi…
May 1, 2026, 4:23 p.m.
Finance
Tether Reports $1.04 Billion Quarterly Profit, Boosts Reserve Buffer to $8.23 Billion
Tether, the leading stablecoin issuer, has announced a first-quarter net profit of $1.04 billion, with its excess reserves surging to a record $8.23 billion. Although year-over-year and fourth-quarter comparisons were not provided, the company reported a net profit exceeding $10 billion for the entirety of 2025. The circulating supply of the USDT stablecoin remained stable, with token-related lia…
May 1, 2026, 4:23 p.m.