Tom Lee’s BitMine Invests in Ethereum Amidst Token Price Crash

Despite a recent downturn for the DAT token, Tom Lee’s BitMine is aggressively expanding its holdings of Ethereum (ETH). This move signals strong institutional confidence in Ethereum’s long-term prospects. With over $9.7 billion in ETH now under their control, BitMine aims to secure 5% of the total ETH supply, reflecting a strategic vision for blockchain adoption within the U.S., and beyond. This commitment is driven by two key factors: growing DeFi applications and increasing institutional interest in Ethereum.