Tom Lee’s Bitmine Adds 26,497 ETH, Pushing Treasury to 5.42M Coins Worth $10.85B

Key Takeaways Bitmine now holds 5,416,901 ETH worth $10.85 billion, equal to 4.49% of ethereum’s circulating supply. Tom Lee says ETH prices undervalue ethereum fundamentals, with staking revenue projected at $258M annually. Bitmine expects to reach its 5% ethereum ownership target, the “Alchemy of 5%,” sometime in 2026. A Deliberate Slowdown, Not a Retreat The…

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Swan Bitcoin Drops Federal Lawsuit Against Proton After UK Court Concession Kills Its Core Claims

Key Takeaways A federal judge dismissed Swan Bitcoin’s entire lawsuit against Proton Management on June 1, 2026, ending 18 months of litigation. Swan admitted in UK proceedings that it never owned the mining trade secrets it claimed, permanently barring it from refiling those claims. Proton, represented by Bergeson LLP and Goodwin, said it remains focused…

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SpaceX adds quiet IPO warning as $1.8T listing nears

SpaceX has added new IPO filing language that gives the company room to issue large amounts of stock for future deals. Summary SpaceX’s amended S-1/A filing states that the company may issue significant amounts of equity for future acquisitions, divestitures, and strategic transactions. The filing shows SpaceX is targeting a Nasdaq listing under the ticker…

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