Bitmine Acquires $75 Million Worth of Ether Amid Tom Lee's View That Institutional Investors Remain Underweight on Crypto
Bitmine, a leading firm that manages an Ethereum‑centric treasury, announced a substantial purchase of Ether valued at $75 million. This acquisition underscores the firm’s confidence in the long‑term prospects of the Ethereum network, even as broader market sentiment suggests that many institutional investors remain cautious about fully embracing digital assets. The firm’s chairman, a well‑known …
Sept. 21, 2026, 1:11 p.m.