Bitmine Acquires $75 Million Worth of Ether Amid Tom Lee's Claim That Institutional Investors Remain Underweight on Crypto
Bitmine, the preeminent treasury operation that specializes in Ethereum assets, has announced a substantial acquisition of ether valued at $75 million. This move underscores the firm’s ongoing confidence in the long‑term prospects of Ethereum, even as prominent market analysts such as Tom Lee maintain that institutional investors, on the whole, remain under‑exposed to the broader cryptocurrency s…
Sept. 21, 2026, 1:11 p.m.