Leading Ethereum treasury firm BitMine appoints new CEO, expands board
Ethereum treasury firm BitMine appointed Chi Tsang as its new CEO and added three independent directors to its board.Summary
Ethereum treasury firm BitMine (BMNR) has announced a leadership transition, appointing Chi Tsang as the new Chief Executive Officer, replacing Jonathan Bates. Tsang previously led venture fund m1720 and has a background at HSBC. The firm also expanded its board by naming Robert Sechan, Olivia Howe, and Jason Edgeworth as new independent directors. Board Chairman Tom Lee stated the new members bring diverse experience to bridge traditional capital markets with the Ethereum ecosystem. This leadership change occurs as digital asset treasuries are shifting from pure token stockpiling to other financial engineering strategies, such as BitMine's recently approved billion-dollar stock repurchase plan. BitMine currently holds over 3.5 million ETH, representing nearly 3% of the total supply, and aims to capture 5% of free-floating tokens.
(Source：The Block)