Bitmine Acquires $75 Million Worth of Ether Amid Tom Lee's Claim That Institutions Remain Underweight on Crypto
Bitmine, the preeminent treasury operation that concentrates its assets on Ethereum, has once again demonstrated its confidence in the digital asset by purchasing an additional $75 million worth of ether. This move comes at a time when market analysts, most notably Tom Lee, have highlighted that institutional investors are still largely underweight when it comes to cryptocurrency exposure. Lee’s …
Sept. 21, 2026, 1:11 p.m.