BitMine Appoints New CEO, Signals Institutional Focus in Ethereum

BitMine has appointed Chi Tsang as its new chief executive officer, signaling a shift towards institutional focus and broader financial integration with the Ethereum blockchain. This appointment, alongside a change in board directors, signals BitMine’s commitment to expanding within the institutional crypto landscape and integrating with traditional finance systems. 5% of Ethereum’s total supply is targeted for acquisition, marking a strategic move toward bridging the gap between traditional markets and blockchain technology.