BitMine’s Ethereum Focus Drives Market Gains, Underscoring Institutional Interest

BitMine, under the leadership of Tom Lee, is shifting its focus to Ethereum, a strategic move that has been driving significant market changes and impacting company performance. With plans to acquire more than one million ETH, valued at over $5 billion, the company aims to secure 5% of the total supply. This concentrated investment strategy reflects growing institutional interest in Ethereum for corporate treasury activities.