Bitmine acquires $75 million of Ether as Tom Lee observes that institutions remain under‑weight on crypto
Bitmine, the prominent treasury firm that concentrates its assets on Ethereum, has announced a substantial purchase of Ether amounting to $75 million. This acquisition underscores the firm’s continued confidence in the long‑term prospects of the Ethereum network, even as broader market sentiment among institutional investors remains cautious. The firm’s chairman, Tom Lee, a well‑known market anal…
Sept. 21, 2026, 1:11 p.m.