Congressman Joins Cathie Wood, Peter Thiel In Tom Lee’s Bitmine Immersion Ethereum Treasury—Then Cashes Out
A Congressman recently disclosed buying shares of Bitmine Immersion Technologies (AMEX:BMNR), adding to the list of prominent names attached to the Ethereum (CRYPTO: ETH) treasury company.
Congressman Buys BMNR
Congressman Cleo Fields (D-La.) bought shares of Bitmine Immersion stock, with a filing showing multiple purchases of the stock, according to Benzinga’s Government Trades page.
Fields filed on Aug. 6 that he had bought the following positions in Bitmine Immersion, with all transactions made on July 16.
- $15,000 to $50,000 BMNR shares
- $1,001 to $15,000 BMNR shares
- $15,000 to $50,000 BMNR shares
- $1,001 to $15,000 BMNR shares
- $1,001 to $15,000 BMNR shares
In total, Fields purchased between $33,003 and $145,000 worth of BMNR shares on July 16. BMNR shares traded between $40.10 and $48.59 on July 16, the day of the Congressman’s purchase.
Fields also disclosed selling $50,000 to $100,000 in BMNR stock in the latest disclosure. The sale was not marked as partial, which suggests that Fields sold his entire position.
The sale was done on July 28, when BMNR stock traded between $34.39 and $41.49. This means Fields could have made a profit, but also likely made only a small profit or took a loss on the trade.
Fields’ position on the House Financial Services Committee and the Subcommittee on Capital Markets and …
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