Tom Lee’s BitMine Doubles Ethereum Holdings, Signaling Institutional Push for the Crypto Market

Tom Lee and his firm BitMine have taken a significant step in the cryptocurrency market by aggressively buying up Ethereum (ETH). Over 1.7 million ETH were acquired, with estimations valuing their holdings at approximately $8 billion. This move has raised eyebrows as it signifies an increase from BitMine’s previous holdings, potentially impacting the overall Ethereum market and influencing institutional investment.