Bitmine Acquires $75 Million Worth of Ether Amid Tom Lee's Claim That Institutions Remain Underweight on Crypto
Bitmine, the prominent treasury management firm that specializes in Ethereum assets, recently announced a sizable acquisition of Ether valued at $75 million. This move underscores the company's 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 commentator…
Sept. 21, 2026, 1:11 p.m.