Bitmine acquires $75 million of ether as Tom Lee observes that institutions remain under‑exposed to crypto
Bitmine, the prominent treasury firm that concentrates its assets on Ethereum, announced a substantial purchase of ether amounting to $75 million. This move underscores the firm’s confidence in the long‑term prospects of the Ethereum network, even as the broader market remains cautious. The acquisition comes at a time when market analysts, including veteran commentator Tom Lee, are highlighting a…
Sept. 21, 2026, 1:11 p.m.