Tom Lee's Ethereum Treasury Firm BitMine Immersion Appoints Chi Tsang as CEO
CoinDesk
BitMine Immersion appointed Chi Tsang as its new CEO, succeeding Jonathan Bates.Summary
BitMine Immersion (BMNR), the largest corporate holder of Ether, announced the immediate appointment of Chi Tsang as its new Chief Executive Officer, replacing Jonathan Bates, who had guided the company from its origins as a bitcoin mining firm through its pivot to an Ethereum treasury strategy and its NYSE American listing. The company, chaired by Thomas Lee, has focused on acquiring Ether since July, aiming to hold 5% of the total supply. Alongside the CEO change, BitMine named three new independent board members: Robert Sechan, Olivia Howe, and Jason Edgeworth. The stock has recently faced pressure amid a broader crypto correction, with shares declining pre-market.
(Source：CoinDesk)